Ann: OFFICE: ARV: Arvida makes three new executive appointments

• Release Date: 13/01/15 08:30
• Summary: OFFICE: ARV: Arvida makes three new executive appointments
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					ARV
13/01/2015 08:30
OFFICE
NOT PRICE SENSITIVE
REL: 0830 HRS Arvida Group Limited (NS)

OFFICE: ARV: Arvida makes three new executive appointments

Arvida Group is very pleased to announce three key executive appointments
following the successful IPO that raised $80 million of new capital to
support the growth ambitions of the retirement and aged care specialist.

CEO Bill McDonald said: "It is great that Arvida is in a position to be able
to attract such high calibre people. Moreover, it supports the rationale
behind combining the resources of 17 villages that spawned the creation of
Arvida."

With over 50% of its business care based, Arvida is very focused on offering
the highest quality care service.  Judith Johnson in the new role of General
Manager Clinical will ensure the company is  meeting the highest of standards
of care whilst minimising clinical and operational risk.

Jonathan Ash is taking on the role of General Manager Development to drive
forward the important property development arm of the business. With multiple
internal brown field developments at various stages of planning and
construction, the oversight and planning of a high level development
professional is paramount to Arvida's successful delivery.

As the company's integration rolls out, a key focus is capturing,
consolidating and reporting financial information from all the facilities.
The position of General Manager Finance for the group has been created and
Mark Wells has been appointed. Mark will start with Arvida Group at the end
of January working with the CFO, Jeremy Nicoll on this critical task.

Judith Johnson - General Manager Clinical

Judith has been in the aged care sector for 28 years.  Over this time she has
been a developer/owner and has also held various positions with aged care
associations and corporations. This has included operating a clinical
advisory helpline for New Zealand Aged Care Association.

Judith has been extensively involved with quality systems in the aged care
sector including auditing, writing quality management guidelines and
delivering numerous educational seminars for all levels of management and
staff within the sector.

For the last three years she has run a successful consultancy business
covering a wide range of projects including, new developments, assisting
facilities to meet contractual and legislative requirements, and achieving
operational efficiencies.

Throughout her career she has been an active member of many advisory groups
in the effort to improve quality care for the aged population in New Zealand.

We are very pleased that Judith will provide her skill and experience to the
Arvida Group in her capacity as General Manager Clinical.

Jonathan Ash - General Manager Development

Jonathan Ash a proven Development Manager and Project Director with more than
twenty-five years' experience in the property and construction sector, both
in New Zealand and internationally.  He has extensive experience in the
set-up, direction and management of development projects and has proven
general management, business development and commercial skills.

Jonathan has extensive experience in negotiating, securing and delivering
significant developments and is a proven leader and motivator of teams.  He
has experience in the retirement village sector as well as successfully
completing a major refurbishment of Whangarei Hospital and development of
multi-unit residential subdivisions.

Jonathan is very focused on delivering Arvida's extensive brownfield and in
time, greenfield property growth goals, in his role as General Manager
Development.

Mark Wells - General Manager Finance

Mark is a Chartered Management Accountant with over 15 years' experience as a
financial analyst, project accountant and most recently Chief Financial
Officer. Mark has held these positions within the property and investments
sector in New Zealand and the UK, at both privately owned companies and large
financial institutions.

Whilst acting as the Finance Manager for ING's retirement village business in
New Zealand, Mark gained valuable insights into the retirement sector and the
IPO process.

Mark will provide oversight of the finance operations across the group whilst
delivering the reporting and compliance requirements of Arvida.

- ENDS -

For more information contact:
Bill McDonald, Chief Executive Officer, Arvida Group Limited
Telephone: 021-270-3669 or email: [email protected]

Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited
Telephone: 021-403-665 or email: [email protected]

About Arvida:
Arvida Group Limited (Arvida), is a retirement village group with an emphasis
on providing a continuum of care from independent living through to high
quality aged care services. Arvida has 17 villages across New Zealand
comprising Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Olive Tree,
Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson;
Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere,
St Albans, St Allisa and Wendover, Christchurch; and Bainlea and Bainswood,
Rangiora. Arvida's shares trade on the NZX Main Board under the code ARV.
See www.arvida.co.nz
End CA:00259691 For:ARV    Type:OFFICE     Time:2015-01-13 08:30:19