The beleagured New Zealand retirement village operator, which reported a net profit after tax of just NZ$4.8 million in its full-year result to 31 March, 2024, has announced the former CEO of NZX-listed fuel infrastructure company Channel Infrastructure as its new Chief Executive Officer.
Naomi James, who left New Zealand after leaving Channel Infrastructure, replaces Richard Umbers, who was appointed Ryman Healthcare Group CEO in September 2021 but resigned on 22 April 2024, effective immediately.
Prior to her CEO role at Channel Infrastructure, Naomi held senior operational and strategy roles at ASX-listed oil and gas exploration and production company Santos and mining company Arrium. She has healthcare and governance experience having previously been a non-executive Board member of Central Adelaide Health, an operator of two public hospitals.
"“Naomi brings experience leading people, asset and regulatory intensive industries in both NZ and Australia, with a focus on business improvement, asset management, health and safety and growth. The Board believes that Naomi’s experiences across NZ and Australia will support her in making a significant contribution to the value Ryman delivers for our residents, team members and shareholders,” said Executive Chair Dean Hamilton, who had been acting CEO.
Ryman Healthcare sacrificed its Australian and New Zealand CEOs Cameron Holland and Cheyne Chalmers last month as it decided to increase its Deferred Management Model and increase its fees. In Australia, Ryman has nine operational villages with six having aged care centres in operation.
Former Oak Tree Founder Mark Bindon on the future of retirement living at LEADERS SUMMIT 2024
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