Ryman Healthcare's group chief executive, Richard Umbers, has resigned and will be leaving the company.
Umbers' departure comes as chair, Dean Hamilton, takes on the role of executive chair.
Ryman's board has already begun the search for a new group CEO.
Umbers is leaving the company in accordance with his contractual terms.
Hamilton expressed gratitude to Umbers for his contribution and commitment to Ryman.
He also highlighted the company's focus on restoring financial performance and returns to shareholders.
Ryman reaffirmed its earnings guidance and will provide an update on progress with the full-year results announcement on May 27 2024.
During his tenure as executive chair, Hamilton will serve as a non-independent director, with the performance of his role to be overseen by a sub-committee of the board.
The retirement village operator was founded in Christchurch in 1984 and currently owns and operates 48 villages in New Zealand and Australia.
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