Regis CEO Resigns After Six Years, Board Begins Search for Successor

Leadership Change at Regis Healthcare

Regis Healthcare Limited (ASX, REG), one of Australia's largest aged care providers, has announced the resignation of its Chief Executive Officer and Managing Director, Dr Linda Mellors. After more than six years leading the company, Dr Mellors has decided to pursue opportunities outside the aged care sector. She will remain in her role during a six-month notice period to facilitate a smooth transition.

Navigating a Period of Transformation

Dr Mellors’ tenure began in late 2019, a period marked by significant challenges and changes for the aged care industry. Under her leadership, Regis successfully steered through the Royal Commission into Aged Care Quality and Safety, the unprecedented COVID-19 pandemic, and the implementation of the new Aged Care Act. The Board highlighted her role in driving growth and investing strategically in people, processes, and systems to uphold high standards of care.

Strong Foundations for the Future

Chairman Graham Hodges expressed gratitude for Dr Mellors’ commitment, noting that she leaves Regis in a robust financial and operational state, supported by an experienced executive team. Dr Mellors herself reflected on the privilege of leading Regis through a transformative era, praising the dedication of the company’s 13,000 employees in delivering quality care to over 10,000 older Australians.

Next Steps and Market Implications

The Board has initiated an executive search to identify a new CEO who can build on the strong foundation laid by Dr Mellors. While the timing and identity of her successor remain unknown, investors will be watching closely for any strategic shifts or updates that may accompany the leadership change. The transition period offers stability but also signals a potential inflection point for Regis as it navigates ongoing sector reforms and market dynamics.