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Update on independent director search

Tuesday, 10 September 2019

10 September 2019

 

 

Update on independent director search

 

The Board of NorthWest Healthcare Properties Management Limited (the Manager), the manager of Vital Healthcare Property Trust advises that it has engaged a search firm to assist with the appointment of a new independent director.

 

The search process is well progressed to find a candidate who complements the competencies of the current Board having regard to the skills of the existing Board and those required for a fully rounded Board. It is expected that the appointment will be made by the end of calendar 2019.

 

The Board of the Manager currently has two independent directors and two non-independent directors.  On the appointment of the new director, the Board will be comprised of a majority of independent directors.

 

The current Chair of the Board is Bernard Crotty, a representative of NorthWest Healthcare Properties REIT. In connection with the fees and governance review currently underway, it is expected that, at an appropriate time prior to the 2020 annual meeting, one of the independent directors will replace Mr Crotty as Chair of the Manager.

 

 

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ENQUIRIES

Miles Wentworth, Interim Manager

NorthWest Healthcare Properties Management Ltd, Tel +61 3 8656 1517, Email mwentworth@nwhpm.com.au

Stuart Harrison, Chief Financial Officer

NorthWest Healthcare Properties Management Ltd, Tel 09 973 7302, Email sharrison@nwhpm.com.au

Jason Kepecs, Director, Investments & Investor Relations

NorthWest Healthcare Properties Management Ltd, Tel 09 973 7303, Email jkepecs@nwhpm.com.au

 

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