Mel Knight has announced he is stepping down as Castleoak’s executive chairman.
Mel has been replaced by Karen Rosser who steps up from non-executive director to non-executive chair. Karen has been part of the senior team since 2011 having joined Castleoak in an HR leadership role.
Mel, who stepped down after 25 years at the helm of the business at the end of March, remains a major shareholder in Castleoak and is pursuing a range of other care and retirement living interests.
“Castleoak is well positioned for further success and growth, and importantly to serve customers very well,” said Mel.
“Craig and his team are confidently leading the company. As Castleoak evolves, our values endure. Excellence, respect, integrity and collaboration are how we’ve always done business. Creating quality living space for customers and their residents remains our goal,” he added.
Castleoak’s shareholders have led a succession plan to evolve the business from a shareholder led business to one led by an independent management team over the past five years.
The implementation of the succession plan is now complete, with Craig Currie, chief executive, and his team having led the company for some time.