Oceania leadership transition

26 February 2024

Oceania leadership transition

Oceania Healthcare Limited (NZX, ASX, OCA) advises that Brent Pattison, Chief Executive Officer, has signaled he plans to step down from his role later this year after repositioning Oceania and successfully implementing a 5-year growth strategy for the business.

While Brent plans to stay with Oceania for several months, the Board wish to record their thanks to Brent for his passionate leadership, through what has undoubtedly been a challenging macro environment for New Zealand and the sector over the past few years.

Liz Coutts, Chair says, “It has been an absolute pleasure having Brent at the helm and he has demonstrated resilience and tenacity in the execution of the strategy, including leading the sector to deliver new forms of innovation. Brent has always had the residents at the heart of everything he does”.

“Brent has set the business up well to benefit from the positive momentum in the market and for his successor to build upon this success and Oceania’s continued growth”.

“We are delighted Brent will continue with us until we announce his successor. Oceania will be conducting an extensive search and will update shareholders as soon as an appointment is made”.

Brent says, “It has been a privilege to lead Oceania. Our team of 2,700 are the most dedicated, driven, and enthusiastic individuals and every day they work tirelessly to deliver to our promise of ‘believe in better’. I have appreciated the board’s support during my leadership.”

Brent has a six-month notice period, which he plans to serve in full if required, to facilitate an orderly handover to his successor.

This announcement has been authorised for release by Oceania’s board of directors.

ENDS

For all enquiries, please phone Kelly Bennett +64 21 380 035 or email [email protected]

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Announcement PDF