FSC / Press Release
Amica Mature Lifestyles Appoints David Minnett as President
Vancouver, British Columbia CANADA, April 01, 2014 /FSC/ - Amica Mature
Lifestyles Inc. (ACC - TSX), - Further to its news release of October 15, 2013,
Amica Mature Lifestyles Inc. ("Amica" or the "Company") announced today the
appointment of Mr. David Minnett as President effective April 10, 2014.
As part of the Company's focus on building and further strengthening the Amica
executive and senior management team, Amica commenced a recruiting process in
October 2013 to hire a President for the Company. In its search, the Board
sought an experienced leader with a strong history and track record in business.
"We are very pleased to welcome David to Amica," said Mr. Samir Manji, Amica's
Chairman, President and CEO. "David brings to Amica his experience in many areas
including operations, brand management, overall financial performance management
and strategic direction. We believe that David is an excellent addition to
Amica's management team and together we will further build on Amica's leading
position in the luxury seniors housing industry in Canada."
Mr. Minnett brings his leadership experience from the restaurant, consumer goods
and telecommunication industries. Most recently he served as President of Swiss
Chalet & Harvey's Restaurants where he provided leadership for two restaurant
chains with $750 million in sales, 470 locations and over 14,000 associates
across Canada. During his tenure, Mr. Minnett delivered sales growth,
streamlined operations, increased market share and improved profitability across
both businesses. Previously, Mr. Minnett served as President of Kelsey's
Restaurants. Prior thereto, he held senior positions with Mars Canada Inc.,
Molson Coors Brewing Company and Rogers Communications Inc. Mr. Minnett earned
his master degree in Business Administration and his bachelor degree in
Engineering and Management at McMaster University.
"I am thrilled to be joining the Amica family as we enter our next phase of
growth," said David Minnett. "I look forward to partnering with Samir and our
management team to build on the Company's stellar brand reputation in the
"I would like to reiterate that I remain committed to this great organization,"
said Samir Manji. "While David will assume the day-to-day management of the
Company, I will remain actively involved as Chairman and CEO of Amica. I will be
working closely with David to ensure we have a smooth transition of day-to-day
management of the Company to him and to lend the support necessary to enable him
to achieve success in his new role as President."
Mr. Minnett will report to Mr. Samir Manji who will retain his Chairman and CEO
ABOUT AMICA MATURE LIFESTYLES INC.
Amica Mature Lifestyles Inc., a Vancouver based public company, is a leader in
the management, marketing, design, development and ownership of luxury seniors
residences. There are 24 Amica Wellness & Vitality(tm) Residences in operation
in Ontario, British Columbia and Alberta, Canada. Additionally, Amica has one
residence under construction in Oakville, Ontario, one residence in
pre-development in Calgary, Alberta and two existing operational residences in
Ontario with expansions that are in pre-development. The common shares of Amica
are traded on the Toronto Stock Exchange under the symbol "ACC". For more
information, visit www.amica.ca.
For further information, please contact:
Chief Financial Officer
Amica Mature Lifestyles Inc.
Manager, Investor Communications
Amica Mature Lifestyles Inc.
To view the press release as a PDF, please click on the following link:
Source: Amica Mature Lifestyles Inc. (TSX: ACC) http://www.amica.ca/
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-0- Apr/01/2014 12:33 GMT
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