David Bain-Smith’s unexplained departure was announced in an email to members of the golf club in Red Hill, ACT, announcing the 8 May signing of the MOU between the club and MBark.
The managing director (pictured) of recruitment firm Calleo told Region that he did not support the direction the board was taking the golf club.
“The timing of my resignation was not coincidental,” he said.
“Due to my belief that decisions made by the board closely proceeding execution of new agreements were not in the best interest of our club or the members, I could not be party to the agreement.
“With this belief, I tendered my resignation on the day of, and prior to, the execution of agreements.”
David sent the motion urging members to approve the new MOU at the club’s general meeting on 1 May. It was approved.
In October 2015, the Golf Club’s board signed a 99-year peppercorn lease with Mbark to develop a retirement village with amenities to provide an on-going revenue stream.
In May 2023, the ACT Government finally gave approval of the Territory Plan Variation to allow a sub-lease of part of the land for the building of a 125-dwelling retirement village.
Mbark, founded by James Robinson, John Leo, and Adam Somerville, own and operate retirement villages Arbour, in Berry, NSW South Coast, and Wivenhoe Village, in Camden, in Sydney’s southwest.
Browse villages.com.au for the latest on Seniors Living including availability.
