Tony Randello to commence as Aveo CEO next week – former Lendlease executive to be new COO

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The former Lendlease Retirement Living Managing Director (pictured above) will take up his new role at Aveo earlier than expected – and he’s bringing company.

As we reported here in July, Randello was won over by new Aveo owners Brookfield to head up the village operator following the resignation of previous CEO Geoff Grady in November 2019 after the Canadian property group completed its acquisition of the operator.

We understand that Randello will work between Aveo’s Sydney and Brisbane offices between 2 and 22 December 2020 (subject to border controls) with Brookfield’s interim CEO Jeff Kendrew to assist with the transition.

Randello will then spend time in early 2021 visiting Aveo villages and offices while Mr Kendrew returns to his role on its board of directors.

The new CEO will be joined by former Lendlease Head of Village Management for Retirement Living, Natalie Patterson, who left the group around the same time as Randello after almost nine years with the group.

Ms Patterson will assume the newly created role of Chief Operating Officer (COO) and be based in their Sydney office.

The new executive team coincides with the departure of long-time Aveo Chief Financial Officer (CFO) David Hunt after 10 years with the group.

A new CFO will be appointed in early 2021.

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Lauren is the Editor at DCM Group and has guided its range of media including The Weekly SOURCE, The Daily RESOURCE and The Donaldson Sisters since 2016. With 13 years’ experience as a journalist, editor and commentator, Lauren is the only journalist to have attended every session of the Royal Commission into Aged Care Quality and Safety, producing 300 issues of the subscriber-only The Daily COMMISSION which offers exclusive insights and analysis of the issues surrounding the Royal Commission and the aged care sector.