New Zealand: Julian Cook to retire from Summerset

Julian Cook, chief executive officer, Summerset

Julian Cook, chief executive of Summerset, is to retire in March after more than 10 years in the job. Current deputy chief executive and chief financial officer Scott Scoullar will take the reins at New Zealand’s second-largest listed retirement village operator.

Cook said that now was the right time to hand Summerset over for the next phase of growth in New Zealand and Australia.

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“I am very proud of what we deliver to residents, staff, and our communities. I will greatly miss the people who work with us and the residents who live in our villages,” he said.

“Since I started in 2010, we have grown Summerset to be the second-largest operator in New Zealand with a strong growth pipeline in New Zealand and now Australia,” he added.

Summerset chairman Rob Campbell said, “Julian has been an outstanding chief executive. He was involved in Summerset’s listing on the NZX in 2011, and as chief executive has significantly grown the business and improved our offering to residents and staff. Julian has also established our presence in the Victorian market, and we are well-positioned to grow this over time.”

Scoullar started with Summerset in 2014, replacing Cook as chief financial officer, following senior roles at Housing New Zealand and Inland Revenue. He was promoted to deputy chief executive at the start of 2018.