The resignation follows intense pressure from dissident shareholder ARA Asset Management.
ARA’s CEO David Blight has led a rebelled against Cromwell’s company strategy, culminating in a second strike against the remuneration report at last month’s AGM.
Cromwell CFO Michael Wilde will act as CEO as of January, while the Board undertakes a global search to fill the position.
Shares in Cromwell Property Group (ASX:CMW) closed 0.54 per cent lower at 92 cents yesterday.