Resignation of CEO at Mayfield Childcare Limited

Mayfield Childcare Limited (ASX:MFD) has announced the resignation of its Chief Executive Officer, Ashok Naveinthiran. Ashok has provided six months' notice and will work closely with the Board to ensure an orderly transition of responsibilities, including finalizing the integration work for the recently completed acquisition of Precious Cargo. Under Ashok's leadership, the Company has expanded its operations to become a national operator managing 45 centers, with revenue that has more than doubled to $100M+.

Executive Commentary on Resignation

It has been an honor to lead Mayfield over the past two years and to work alongside my fellow directors in rebuilding the Company's foundations. The Mayfield of today stands as a company of integrity, defined by its unwavering commitment to quality, compliance, and importantly, ethical practices. I am incredibly proud of the transformation we have achieved together. And we've done this the right way - without compromising on our values, our people, or the quality of care we provide.

Summary of Resignation Announcement

Mayfield Childcare Limited (ASX:MFD) has accepted the resignation of CEO Ashok Naveinthiran, who has led a significant transformation of the Company during his tenure. The Board will immediately commence an extensive executive search process for a new CEO with a strong track record in leading multi-site national operations. The Company aims to ensure a smooth transition and sustain its growth trajectory following Ashok's departure.