** Shares of Lifestyle Communities fall as much as 6.9% to A$8.750, their lowest level since Oct 8
** Real estate developer says co-founder and managing director James Kelly to retire
** Co says it has commenced process to appoint new CEO
** Adds David Blight to assume role of executive chairman from January 1, 2025 until new CEO commences
** Stock has fallen ~48% this year as of last close
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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