ASX-listed rental village operator Eureka has appointed its Chief Operating Officer Cameron Taylor as its new CEO, effective from 1 July.
In its Half Year Summary to Investors, Eureka said it owned 32 retirement villages and manages another eight, with occupancy at 97%. As we reported last month, Eureka has entered into a conditional contract to buy a 2.09ha greenfield development site in the rural town of Kingaroy. 201km north of Brisbane CBD.
Mr Taylor will receive an annual salary of $350,000 consisting of basic salary, superannuation and motor vehicle allowance. He also receives car parking. Eureka has also included Short Term Incentives of up to 50% of his annual salary per annum and Long Term Incentives under Eureka’s Omnibus Equity Plan, with a maximum of 50% of basic salary per annum.
Murray Boyte continues as Executive Chairman. The company says:
“Eureka has a clear commitment to the affordable and independent living sector of the retirement industry. It has taken a cultural reset of the business to enhance the “resident-first experience” through its focus on social engagement, care advocacy and providing a safe, secure and compatible living environment for residents.”