Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Vital Healthcare chair Graeme Horsley to retire next month

Vital Healthcare chair Graeme Horsley to retire next month

By Rebecca Howard

April 4 (BusinessDesk) - Graeme Horsley will retire as chair of Vital Healthcare Property Trust's manager next month for personal reasons, while chief executive David Carr will join the board.

Horsley will depart the board of Vital Healthcare manager NorthWest Healthcare Properties Management on May 1, with Claire Higgins taking over as chair, the company said in a statement. Carr will join the board the same day, although the board make-up is an interim one and will be reviewed no later than the next annual meeting.

“I had indicated at the Vital annual meeting in 2017 that the current term would be my last as a director. Personal circumstances are now such that I have determined to accelerate my plans and retire at this time," Horsley said.

NorthWest Healthcare Properties Management is a subsidiary of Canada's NorthWest Healthcare Properties REIT. Paul Dalla Lana, chief executive of the parent company, said "Graeme has been instrumental in the growth and success of Vital since he joined the board in 2007 and became chairman in 2011. During his tenure Vital has observed compound average total annual returns of 12.0 percent, well ahead of the local listed property sector average of 6.6 percent."

Vital Healthcare units rose 0.7 percent to $2.075, having fallen 6.8 percent so far this year.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Space: They Landed Robots On An Asteroid

On September 21, the small compact MINERVA-II1 rovers separated from the Hayabusa2 spacecraft... both rovers landed on the surface of asteroid Ryugu. The two rovers are in good condition and are transmitting images and data. More>>

RNZ: Court Of Appeal Rejects NZME-Stuff Merger

The Court of Appeal has turned down the proposed merger between media companies NZME and Stuff... The Commerce Commission had turned down the merger because of concerns about concentrating too much commercial and editorial power in one organisation. More>>

ALSO:

Cut Before Using: Australian Strawberries Withdrawn

Needles were found in a punnet of strawberries sourced from Western Australia, which was bought in a Countdown supermarket in Auckland. The Choice brand of strawberries was sold nationwide last week. More>>

ALSO:

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark… More>>

ALSO: