The respected head of Aveo’s Retirement Division, Alison Quinn, is to join RetireAustralia as CEO in January.
Responsible for strategic and operational management, Alison has basically run the Aveo business of 75 retirement villages with 10,000 units which generated revenue of $150 million and a net profit of $53 million FY15.
Alison signed up at Aveo (or FKP as it was then) in February 2013, re-joining the CEO Geoff Grady, having carried out a similar operational leadership role under him at Sanctuary Cove. A hands-on executive, she quickly visited every of Aveo village across the country.
She takes up at RetireAustralia from Tim Russell who has been keeping the seat warm since he announced he was leaving in May for a new venture (which is due to be announced this month).
RetireAustralia is 28 villages with 3,600 units across NSW, SA and QLD. It was purchased at Christmas time by the 50/50 consortium of the New Zealand private equity firm Infratil and NZ Super Fund.
Their stated objective is to grow aggressively through acquisition and development. They favour the NZ co-located care/continuum of care model.
