Arvida Group Chair Announces Retirement

NZX listed retirement village and aged care operator Arvida Group Limited (Arvida) today announced that Mr Peter Wilson, the inaugural Chair of the Arvida Board, has elected to retire from the Arvida Board and will not be standing for re-election at Arvida’s annual meeting to be held on 2 July 2021.

The Arvida Board is pleased to announce that, as part of its succession plan, Mr Anthony Beverley has been appointed as Chair elect and will succeed Mr Wilson as Chair at the conclusion of the annual meeting.

Mr Beverley joined the Arvida Board in November 2014 prior to the Company’s IPO. He is an experienced professional director and business consultant with over 35 years’ experience in the property, investment and capital markets.

Following Mr Wilson’s retirement, the Arvida Board will be comprised of five independent directors.

– ENDS –