Founder of Ventura Homes, Mark Di Masi, has left the group
The highly regarded founder of Ventura Homes, Mark Di Masi, has left the group, as parent group BGC prepares to sell the company.
Mr Di Masi’s departure comes at a sensitive time for BGC, which is seeking maximum prices during its empire-dismantling asset sell-off.
Ventura is regarded as one of the best-run housing companies in the group, and the company has long played up the value of its founders in promotional material.
One of the company’s core selling points has long played on Ventura being a “Western Australian family-run business ... founded upon core family values of honesty, integrity and respect by two brothers, Mark and Phil Di Masi.
“The strong leadership and values driven by our directors has enabled Ventura Homes and Ventura Home Group, one of WA’s largest building groups, to achieve great success.”
Some industry players said yesterday they were not even aware that Ventura was owned by BGC, given there was no mention of the parent company on the website.
BGC Australia chief executive Daniel Cooper confirmed that Mark Di Masi had decided to leave Ventura after 26 years with the group to pursue personal interests.
The company did not respond to claims that his brother left last year.
“Ventura Group will remain an independently managed business — with four main brands, Aussie, Smart, Express Living and Ventura — each led by their own general manager, who together with their teams will continue to deliver quality homes for each and every customer based on our family values — honesty, integrity, and respect.”
I believe that the company’s sale price would ultimately be determined by sales numbers.
“Mark and Phil are highly regarded in the industry, and have run a very successful business pre-BGC ownership and also during the BGC ownership,”
The move comes at a time of major upheaval in the building industry, with changes including the sale of the controlling stake in the Scott Park Group to Japanese multinational Sumitomo Forestry Co, and the departure of Craig Gemmill from his eponymous company last year.
About the Author
Tristan Kirkham | Managing Director
Tristan has managed some of Australia’s major building companies, both project and private. His committment to customer service and providing market leading communication product for the home building industry has led to a role as regular Judge in the HIA Green Smart, HIA Kitchen & Bathroom Awards and the major Housing Awards. Winning multiple awards throughout his career in the housing industry, he is dedicated to improving the industry standards and practices. Tristan's vision is to provide a better way to build homes for all parties.