Eureka Group's new leadership appointments

Eureka Group Holdings Limited (ASX: $EGH) has announced the appointment of Mr Simon Owen as the Chief Executive Officer, commencing on 12 September 2024. Additionally, the Board has welcomed Mr John Whiteman as an Independent Non-Executive Director from 2 September 2024.

Executive commentary on the appointments

The Board is delighted to appoint a person of Simon's calibre as CEO of Eureka. Simon is well-known in Australia as a trusted, respected and experienced retirement industry Chief Executive. The Board is confident that he is the right person to lead our people and build upon the growth that the business has achieved to date. On behalf of the Board, we welcome Simon and look forward to working with him. I have followed Eureka with interest over the past decade and am very excited about the opportunity to work with the Board and the broader team to grow the business. The seniors rental market is significantly larger than traditional seniors community housing yet attracts almost no institutional capital, which for me is the really exciting opportunity with Eureka.

Summary of Eureka Group's recent announcements

Eureka Group Holdings Limited (ASX: $EGH) has appointed Mr Simon Owen as the new Chief Executive Officer and Mr John Whiteman as an Independent Non-Executive Director. Mr Owen brings over 25 years of experience in leading property and retirement living businesses, including a successful tenure at Ingenia Communities Group Limited. The Board expressed confidence in Mr Owen's ability to lead the company and capitalize on the growth opportunities in the seniors rental market. Additionally, the appointment of Mr Whiteman, with his extensive executive career in Australian equities markets, is expected to enhance the Board's capabilities as the company embarks on its next stage of growth. Eureka will announce its full year results for the financial year ended 30 June 2024 on 28 August 2024, providing further insights into the company's performance and future outlook.