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Highlights
- Lifestyle Communities co-founder James Kelly to retire after 21 years.
- Search for new CEO underway with interim executive chairman in place.
- Leadership change effective from January 1.
Lifestyle Communities Limited (ASX:LIC) is set for a leadership change as its co-founder and managing director, James Kelly, has announced his decision to retire at the end of this year. Kelly, who co-founded the company more than two decades ago, expressed his gratitude and pride in the organization’s journey and growth during his tenure.
Kelly has been at the helm of Lifestyle Communities for 21 years, guiding it through significant developments in the retirement village sector. His departure marks the end of an era, with Kelly acknowledging that it is time for him to move on and embrace new personal ventures. “After 21 incredible years with Lifestyle Communities, it’s time for me to say goodbye and embrace a new chapter in my life,” Kelly stated.
In response to Kelly’s planned retirement, the company has initiated a search for a new chief executive officer to lead the business into its next phase. While the process to identify the right successor is ongoing, David Blight, the company’s chairman, will step into the role of executive chairman starting from January 1. Blight’s temporary role as executive chairman will ensure stability in the company’s operations until the new CEO is in place.
This leadership transition marks a pivotal moment for Lifestyle Communities as it prepares for a future without one of its key founders. The board and management team are focused on ensuring a smooth transition, with Blight temporarily assuming increased responsibilities.
Lifestyle Communities continues its operations in the retirement village sector, where it has carved out a significant presence under Kelly’s leadership. The company will look to build on its strong foundation as it navigates the leadership change in the coming months.
