Mayfield Childcare Limited (ASX:MFD) Appoints New CEO
Executive Appointment
Mayfield Childcare Limited has appointed Daniel Stone as its new Chief Executive Officer, effective from 8 April 2025. Stone succeeds Ashok Naveinthiran, who will retire as CEO on 10 March 2025. Daniel brings extensive leadership experience from his role as Chief Operating Officer and Deputy CEO at TheirCare Pty Ltd, where he contributed to significant business growth and operational efficiency.
Executive Comments
Incoming CEO Daniel Stone stated, “I’m honoured to step into the role of CEO at Mayfield. There is a critical demand for high-quality, accessible childcare that continues to grow. I see immense potential to continue to elevate the quality of care Mayfield provides to support attendance growth while delivering on the fundamentals of governance and control to support operational efficiency across the organisation. I look forward to getting to know the incredibly talented team at our Mayfield centres and working together with the Management team to create an inspiring and innovative environment where children thrive, parents feel confident and educators love to be.”
Mayfield Chair Roseanne Healy commented, “The Board is delighted to announce Daniel Stone as the new CEO of Mayfield. We were committed to selecting a leader capable of steering the Company’s future direction, and after careful consideration, we are confident that Daniel is the ideal choice. Daniel has had significant executive leadership experience in large complex operations managing growth. He also has the necessary operational and sector credentials to build and grow the Company. Daniel’s background will strengthen our commitment to delivering exceptional experiences for children, families, and all our employees across our centres, while ensuring performance at centre and group level remains paramount so as to deliver value for our Shareholders. I would like to once again acknowledge Ashok’s many achievements at Mayfield. The Board extends its deep appreciation to Ashok for his leadership and contributions to Mayfield over the past 2.5 years. Daniel will continue these efforts through FY25 and we are confident Daniel will continue Ashok’s work in bringing strong commercial and operational focus to the business.”
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