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New CEO and CFO at Babcock & Brown Communities

John Martin is no longer CEO of BBC, the operator of Primelife and Fini villages, as well as the Conform (Aged Care) Group . New owner in waiting, Lend Lease, has already appointed Rod Fehring (currently CEO of Lend Lease ventures) and Paul Walsh (currently Global CFO of Bovis Lend Lease). John Martin and others in the senior management are employed by Babcock & Brown rather than BBC, so do not automatically transfer over to the new buyers. These executives are staying on for the official transition on December 30 however. There is considerable hope that John Martin and his colleagues will remain in the industry as they have reengineered the old Primelife into a strong corporate entity and business; BBC has been a victim of the sector’s vortex and Babcock & Brown’s financial predicament in particular. John Martin was one of the most impassioned CEO’s of the industry with a vision for BBC’s residents, perhaps a family trait. His sister is Claire Martin, ex-Chief Minister of the Northern Territory.

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