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IRT Chairman Bruce Allan Steps Down

on Friday, December 9, 2016

IRT Group today announced that Chairman, Bruce Allan has stepped down from the role in anticipation of his retirement from the IRT Board in early 2017. 

Leading Illawarra businessman, Mike Halloran was elected as the organisation's new Chairman at last night's Board meeting.

Mr Allan has served on the IRT Board as a Director since 2005 and Chairman since 2013.

"IRT is very fortunate to have had a Chairman of the high calibre of Bruce Allan dedicate his time to help lead our organisation," said IRT Group CEO, Nieves Murray.

"In the past three years Bruce has helped to steer IRT through a period of significant change for our industry, as we navigate sector-wide reform and changing customer needs and expectations.

"I'm pleased to say that our performance in that time is a testament to the effectiveness of Bruce's tenure as Chairman — we grew our assets by over 20% to $1.1 billion and our annual income by over 30% to $184 million."

Mr Allan said it has been a privilege to serve as Chairman and he was pleased to be leaving the organisation in such good shape.

"I'm immensely proud of the role the Board has played in growing the organisation and positioning it for continued success," he said.

"Driving improvements to employee safety has been a key focus area for me as Chairman, along with improved corporate governance.

"Recent changes to the IRT Group constitution will ensure that our Board and General Membership are performing at their best, and are ready and able to lead the organisation into the future."

Incoming Chairman, Mike Halloran said he was honoured to be elected to the role and is looking forward to working closely with the Board and IRT leadership to capitalise on the opportunities presented by a growing ageing population.

"It's an exciting time for the seniors' Lifestyle and Care sector — consumer demand for more choice and control is driving innovation in products and services, new research and technology is enabling people to feel well for longer and live independently for longer, and government reform is increasing flexibility for providers to deliver the services that people want and need," he said.

"I look forward to continuing to support the Board, and IRT employees and customers to enjoy the benefits of being part of a dynamic organisation that is at the forefront of this change." 

Click here to find out more about IRT Group's residential aged care homes and retirement villages.

Pictured: Bruce Allan

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