With 10 years leading Masonic Homes under his belt, Doug Strain will leave the post this week. He had notified the Board last year that he would not be renewing his contract. Deputy CEO, Mr Richard Porter, has been appointed Acting CEO and the Mark Butcher will take on an Executive Chairman role pending a new permanent CEO appointment.
Masonic operates six retirement villages with 900 ILUs, valued at $300m. They are a dominant operator in SA and NT, with $200 million in development potential.
Doug has led Masonic in building 300 ILUs since the GFC, (60 per year) and its divestment of aged care to ECH for $65M. Their strategy is to build Masonic exclusively as a village operator, including expansion outside of SA.
He has been an active Retirement Village Association board member and now a Retirement Living Council national board member