Oceania Healthcare Leadership Transition Announcement

Oceania Healthcare Limited (ASX: $OCA) has announced that Brent Pattison, the Chief Executive Officer, intends to step down from his role later this year after successfully repositioning Oceania and implementing a 5-year growth strategy for the business. The Board expressed gratitude to Brent for his dedicated leadership during a challenging macro environment for New Zealand and the sector over the past few years.

Executive Commentary on Leadership Transition

Liz Coutts, Chair of Oceania Healthcare, expressed her appreciation for Brent's resilient and tenacious execution of the growth strategy, emphasizing his focus on innovation and the well-being of the residents. She also highlighted the positive momentum in the market and the readiness of the business for continued growth under Brent's successor. Brent Pattison, in his statement, acknowledged the support of the board and praised the dedication and enthusiasm of Oceania's team in delivering on the company's promise of 'believe in better.'

Summary of Oceania Healthcare's Leadership Transition

Oceania Healthcare (ASX: $OCA) has announced the upcoming departure of CEO Brent Pattison, who plans to step down after successfully repositioning the company and implementing a 5-year growth strategy. The Board expressed gratitude for Brent's leadership during challenging times and highlighted the company's readiness to benefit from the positive market momentum. Oceania will conduct an extensive search for Brent's successor and provide updates to shareholders once the appointment is made. Brent will serve his full six-month notice period if required to ensure a smooth transition. The company aims to continue its growth trajectory and build upon the success achieved under Brent's leadership.