SYDNEY, AUSTRALIA: Simon Owen, the Managing Director and Chief Executive Officer of Ingenia Communities Group (ASX:INA), has announced that he will leave his position in 2024.
He has led the company for more than 14 years, during which he oversaw its growth from a $30 million market capitalisation to over $1.7 billion.
Owen was the architect of the strategy that focused on developing and acquiring a leading portfolio of lifestyle and holiday communities, catering to the retirement needs of Australia’s aging population and the growing demand for affordable housing. He also created a strong team of talented and experienced people who are committed to delivering value for securityholders, residents, and guests.
Jim Hazel, the Chair of Ingenia, thanked Owen for his tireless dedication and remarkable achievements, including navigating the company through the challenges of Covid. He said that Owen’s vision gave the company an early mover advantage in the land lease sector and a thriving holidays business.
Owen said that he was proud of what he and his team had accomplished, but he felt that it was the right time to step aside. He expressed his confidence that Ingenia would continue to prosper and grow under new leadership.