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Amica Mature Lifestyles Appoints David Minnett as President


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2014-04-01 14:37:13 -

Vancouver, British Columbia (FSCwire) - (TSX: ACC) – 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 marketplace.”



“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 roles.



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™ 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:



Art Ayres

Chief Financial Officer

Amica Mature Lifestyles Inc.

(604) 630-3473

a.ayres@amica.ca


Troy Shultz

Manager, Investor Communications

Amica Mature Lifestyles Inc.

(604) 639-2171

t.shultz@amica.ca



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To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/amica04012014.pdf

Source: Amica Mature Lifestyles Inc. (TSX:ACC) www.amica.ca/

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