– CANADA, Markham – Extendicare Inc. (TSX:EXE) today announced the appointment of Al Mawani to its Board of Directors, effective immediately, for a term to expire at the next annual meeting of shareholders, whereupon Mr. Mawani will stand for election. This appointment increases Extendicare’s board to nine directors.
Mr. Mawani brings with him invaluable experience as a highly regarded real estate executive and board member with national and North American firms across multiple asset classes, including private-pay retirement living operations. His 15-year c-suite experience includes: as SVP/EVP & CFO of Oxford Properties Group Inc. from 1989 to 2001, President and CEO of Calloway/Smart Real Estate Investment Trust during 2011 to 2013, and President & CEO of privately-owned Rodenbury Investments Limited during 2015 and 2016.
Mr. Mawani serves on the TSX-listed boards of Granite Real Estate Investment Trust, as Chair of the Corporate Governance & Nominating Committee and a member of the Audit Committee, and Slate Office REIT, as Chair of the Audit Committee and a member of the Compensation, Governance & Nominating Committee. In addition, he has served on the boards of Boardwalk Real Estate Investment Trust, Calloway Real Estate Investment Trust, Amica Mature Lifestyles Inc., and IPC US Real Estate Investment Trust.
Mr. Mawani is a CPA, CA, and has a Masters in Law from York University, and a Master of Business Administration from the University of Toronto. He is also a member of the Institute of Corporate Directors.
“On behalf of the Board of Directors, I would like to welcome Al Mawani to our Board and look forward to working with him,” said Alan Torrie, Chairman of Extendicare. “Al is an excellent complement to our existing Board. His knowledge and strategic input will further support our strategy to deliver value to our shareholders through organic growth and acquisitions,” added Mr. Torrie.
About Extendicare
Extendicare is a leading provider of care and services for seniors throughout Canada. Through our network of 115 operated senior care and living centres (66 owned/49 managed), as well as our home health care operations, we are committed to delivering care throughout the health care continuum to meet the needs of a growing seniors’ population in Canada. Our qualified and highly trained workforce of 23,800 individuals is dedicated to helping people live better through a commitment to quality service and a passion for what we do.
For more information : https://www.extendicare.com
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