MET
02/12/2015 08:30
OFFICE
PRICE SENSITIVE
REL: 0830 HRS Metlifecare Limited
OFFICE: MET: Metlifecare Announces New Chief Executive Officer
Date: 2 December 2015
Media Release
METLIFECARE ANNOUNCES NEW CHIEF EXECUTIVE OFFICER
Metlifecare Chair Kim Ellis has today announced that Glen Sowry will become
the organisation's new Chief Executive Officer replacing incumbent Alan
Edwards who has previously announced his planned retirement once a new
appointment is in position.
Mr Sowry is currently Chief Executive Officer of Housing New Zealand, the
country's largest business when measured by assets deployed. With over 67,000
properties and close to 200,000 tenants and annual revenue of $1.2 billion
and annualised profit of $163 million in the last financial year, Housing New
Zealand has under Mr Sowry's leadership substantially lifted its property
development capability and is on target to deliver over 840 new houses this
financial year.
Prior to joining Housing New Zealand at the beginning of 2013, Mr Sowry held
a number of senior executive roles at Air New Zealand over a 10 year period.
Initially joining Air New Zealand as head of Corporate Affairs and Government
Relations, Mr Sowry moved onto large line management roles including
operations and planning roles and in latter years running the domestic and
short haul international airlines where he oversaw a major financial and
competitive turnaround of the Tasman network through the introduction of
Seats to Suit and other strategic initiatives.
Prior to Air New Zealand, Mr Sowry held executive and senior management roles
at TVNZ and Telecom. Before his corporate career, Mr Sowry was an
accomplished professional yachtsman competing in the Whitbread Round the
World race three times; the America's Cup and the Olympic Games and also
worked in media, marketing and public relations.
Chair Kim Ellis said the Board was delighted to have been able to secure Mr
Sowry to lead Metlifecare into a new phase for the business.
"Glen's proven background in driving innovation and strong customer focused
performance will ensure that the solid foundations of Metlifecare can be
substantially enhanced in the future.
This background, combined with Glen's proven capabilities in driving
substantial property development growth at Housing New Zealand will be
valuable skills to drive our core development activity forward. Housing New
Zealand is now New Zealand's largest residential property developer and its
achievements in leading the Christchurch earthquake recovery are
demonstration of Glen's strong leadership in this area."
Mr Sowry said he is delighted to have been appointed to the Chief Executive
role and is excited about the growth potential for the business.
"Metlifecare is well positioned through its portfolio to continue to grow its
revenue and leverage its excellent geographic locations. Supported by strong
demographic trends and demand for well-designed and positioned retirement
villages, there is huge potential for Metlifecare to further cement and
improve its position with both prospective and existing village residents.
The potential of Metlifecare is enormous and I am very excited about the
opportunity the company has to position itself as an innovative leader in a
growth sector that provides an important service and lifestyle choice to
senior New Zealanders."
Mr Sowry will commence his new role on 18 April 2016.
ENDS
For more information please contact:
Andrew Peskett
General Counsel/Company Secretary
Tel: +64 9 539 8000
About Metlifecare
Metlifecare is a publicly-listed aged care and retirement lifestyle company.
The happiness of our residents is at the heart of everything we do. We offer
rewarding retirement lifestyle within vibrant social communities backed up by
a full range of care services when required.
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.
Designed with our residents' personal freedom and sense of security in mind,
our living options range from independent villas and apartments through to
serviced apartments, rest homes and hospitals.
metlifecare.co.nz
End CA:00274461 For:MET Type:OFFICE Time:2015-12-02 08:30:05
