SYDNEY: Ingenia Communities Group (ASX: INA), a leading owner and operator of lifestyle and holiday communities in Australia, has announced the appointment of Mr John Carfi as its new Chief Executive Officer, effective from 1 April 2024.

Mr Carfi has over 20 years of experience in the real estate industry, having held senior roles at Lendlease Group, Mirvac, Emaar Properties, and Aqualand Australia.

He has a proven track record of delivering growth, operational excellence, and shareholder value in both global and local markets.

Jim Hazel, Chair of Ingenia Communities, said that Mr Carfi was the ideal candidate for the role, as he brings a valuable mix of leadership, strategic execution, and stakeholder management expertise to the Group.

He also said that the Board is confident that Mr Carfi, together with the wider executive team, will lead the Group through its next phase of growth as a land value maximiser and deliver long term investor returns.

Mr Carfi said that he is looking forward to working with the Board, leadership team, and the broader Ingenia team as the business continues to evolve its portfolio and operating model.

He said that it is a privilege to be appointed CEO of Ingenia and that he looks forward to working with all stakeholders.