Arvida buys over 1000 retirement villas, apartments from Arena Living
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Commemoration event held at City Hall - Sligo Weekender | Sligo News
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Internal succession means as Bill McDonald steps down in September, CFO Jeremy Nicoll steps up.
NZX-listed retirement village and aged care provider Arvida will not miss a beat despite the announcement of chief executive Bill McDonald’s resignation today, just two months before board chair Peter Wilson is due to step aside, according to the CEO.
McDonald’s resignation will take effect from September after about seven years leading the business from IPO, while Wilson will vacate the chair after the company’s AGM in July.
Current CFO Jeremy Nicoll will step up the CEO role in October, while existing director Anthony Beverley will take over the chair after the general meeting.
Four retirement bosses quit: Shakeup at top of listed sector
3 May, 2021 05:00 PM
5 minutes to read
Retirement village Govt entity hits out at confusing contracts . Video / Supplied
Four heads of listed retirement businesses have left in the last few months, with the latest on Monday being Arvida s Bill McDonald. In November, Julian Cook of Summerset Group said he was retiring from the job he had done for seven years, having worked at the business for 10 years. Former CFO Scott Scoullar now heads that company.
In March, Oceania Healthcare chief executive Earl Gasparich resigned and Metlifecare said it was employing him to implement its growth strategy. Oceania is now headed by Brent Pattison who was its CFO.