This article is from the Australian Property Journal archive
EARLY learning centres operator Mayfield Childcare Limited’s CEO, Ashok Naveinthiran, has announced his resignation after two years in the role.
Joining as CEO in August 2022, Naveinthiran has provided six months’ notice and will in the meantime work with Mayfield’s board to ensure a smooth transition of responsibilities including finalising work for the recently completed acquisition of Precious Cargo.
“It has been an honour to lead Mayfield over the past two years and to work alongside my fellow directors in rebuilding the Company’s foundations,” said Naveinthiran.
“The Mayfield of today stands as a company of integrity, defined by its unwavering commitment to quality, compliance, and importantly, ethical practices. I am incredibly proud of the transformation we have achieved together. And we’ve done this the right way – without compromising on our values, our people, or the quality of care we provide.”
Under Naveinthiran’s leadership, Mayfield expanded its operations from managing 22 centres in a single region to becoming a national operator managing 45 centres.
Alongside this expansion, Mayfield’s revenue has also more than doubled to more than $100 million.
“The future of Mayfield is incredibly positive and I am confident the company will continue to build on the momentum we have achieved this year,” added Naveinthiran.
“As I look ahead to my next challenge, I want to extend my deepest gratitude to the entire Mayfield team. Their tireless dedication and unwavering commitment to the thousands of children and families we serve have been at the heart of everything we have accomplished.”
The board is set to commence an extensive executive search for a new CEO immediately.
“It is with regret that the board has accepted Ashok’s resignation. Ash has been central to driving a best practice governed organisation at a corporate and operational level including the appointments of additional independent Directors which will be announced in the coming days,” said David Niall, chairman at Mayfield.
“He has built a strong management team and implemented systems and processes which ensures that the Company is well-positioned for sustained growth and remains in capable hands. On behalf of the Board, I would like to sincerely thank Ash for his significant contributions to Mayfield and we wish him all the best in his future endeavours.”
