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- Release Date: 13/12/13 17:58
- Summary: DIRECTOR: MET: Director Appointments & Confirmations
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MET
13/12/2013 15:58
DIRECTOR
REL: 1558 HRS Metlifecare Limited
DIRECTOR: MET: Director Appointments & Confirmations
Date: 13 December 2013
Media Release
DIRECTOR APPOINTMENTS & CONFIRMATIONS
Following the recent change in shareholding, retirement village and aged care
provider Metlifecare Limited (NZX: MET; ASX: MEQ) is pleased to announce the
appointment of Kevin Baker, William Smales and Carolyn Steele as directors.
Kevin is the Chief Financial Officer for Infratil Ltd and its manager, H.R.L
Morrison & Co Limited. He is the Chairman of NZ Bus and a director of
Infratil Energy Australia and Lumo Energy.
William is a Senior Executive and Investment Director at H.R.L. Morrison & Co
Limited. He has extensive investment experience across a number of industry
sectors and previously spent seven years with The Carlyle Group.
Carolyn is currently the Portfolio Manager, Direct Investments for the New
Zealand Superannuation Fund. She has substantial experience in capital
markets, mergers & acquisitions and investment management. Carolyn is an
alternate director at Datacom Group Limited.
The Board has also confirmed the independence of the Chairman, Peter Brown,
as defined by NZX Listing Rule 1.6.1.
Metlifecare's Managing Director Alan Edwards has relinquished his seat on the
Board to separate the functions of the Board from management. Mr Edwards will
continue to lead the Executive Team in his role as the Chief Executive
Officer.
The Chairman of Metlifecare, Mr Peter Brown, commented: "Metlifecare is in
an exciting stage of growth with a number of developments in the pipeline.
We are delighted to welcome Kevin, William and Carolyn to the Board. Between
them they hold valuable expertise in the financial, property and investment
sectors and will bring complementary skills to the Board as we continue our
growth strategy".
The Metlifecare Board now consists of four independent directors and three
non-independent directors.
ENDS
For more information, please contact:
Alan Edwards Chief Executive Officer
Phone: +64 9 539 8000
www.metlifecare.co.nz
About Metlifecare
Metlifecare is a publicly-listed aged care and retirement lifestyle company.
Established in 1984, the company has a proven track record of successfully
owning and managing retirement villages in New Zealand. Metlifecare currently
owns villages in prime locations throughout the North Island of New Zealand,
with most providing a full continuum of care from independent villas and
apartments through to serviced apartments, rest homes and hospitals.
End CA:00245180 For:MET Type:DIRECTOR Time:2013-12-13 15:58:12
