- Japara Healthcare (JHC) has reshuffled its Board, with Managing Director and CEO Andrew Sudholz stepping down, and Chris Price taking his place
- Andrew is stepping down due to personal reasons and this transition is effective from today
- As Chris will be forgoing his role as Chief Financial Officer (CFO), Anthony Rice, Japara’s current Chief Investment Officer, will now assume both roles
- Japara has ended the day 7.69 per cent in the green with shares trading for 49 cents each
Japara Healthcare (JHC) has reshuffled its Board with Managing Director and CEO Andrew Sudholz stepping down, and Chris Price taking his place.
Andrew is stepping down due to personal reasons and this transition is effective from today.
Andrew was the founder of Japara and has more than 30 years’ of experience in the real estate, healthcare and construction industries.
Prior to the establishment of Japara, he was a Global Partner of the Arthur Andersen Group, the National Partner of Ernst & Young’s Real Estate Advisory Service Group, and the State General Manager for the Triden Corporation.
Andrew has expertise in strategy implementation, corporate finance, and business and funds management.
“Andrew was the founder of Japara Healthcare and we have enormous gratitude for all that he has done in growing the company into one of Australia’s leading aged care providers and establishing high standards for residential aged care in Australia,” Chairman Linda Nicholls said.
As the current Chief Financial Officer of the company, Chris Price has more than 25 years’ finance and management experience at the executive level.
Since joining Japara in 2015, Chris’ knowledge and capabilities in investor relations, banking, corporate governance, capital management, and acquisitions have resulted in significant improvements to the business.
“In the last five years with Japara he [Chris] has developed a deep understanding of the residential aged care sector and its particular challenges and opportunities,” Linda said.
“Long term colleagues, Andrew and Chris are committed to ensuring a seamless leadership transition,” she added.
As Chris will be forgoing his role as Chief Financial Officer (CFO), Anthony Rice, Japara’s current Chief Investment Officer, will now also assume the role of CFO.
Anthony had a 20 year career in investment banking and joined Japara from Macquarie Group where he was Managing Director and led the company’s aged care sector coverage.
“The Board is pleased the succession of Chris and Anthony into the new leadership roles will mean minimal disruption to the business in challenging times for the sector,” Linda concluded.
Japara has ended the day up 7.69 per cent and shares trading for 49 cents apiece in a $121.5 million market cap.