FKP parent company to Aveo is tipped to announce next week the pending departure of its CEO, Peter Brown, following the declining FKP listed unit trust price which is 66 per cent lower than net tangible asset backing. His salary of $2.3 million plus $675,000 bonus, given the slide in performance, is also a contention.
There is already rumour of a well known executive that will be his replacement.
Aveo is also up for a possible grab. FKP has announced a review to see if it can split out the retirement arm as a separate business to FKP to release cash. Stockland owns 14.5% of Aveo and has a first option to buy.
McCrindle Baynes village census 2013 discovers retirement village industry is No.1
Our latest research project commissioned with McCrindle Research has just been completed with 5,200 residents across 236 villages and 23 operators completing a 46 question survey. The questions had been structured so that a Net Promoter Score could...