Dewhurst to depart IOOF
IOOF Holdings chief executive Ron Dewhurst has announced he will resign at the end of his third year in the role in April.
Dewhurst made the decision not to extend his contract with IOOF into its fourth year citing the best long-term interests of the company as the reason.
“I have greatly enjoyed my time at IOOF, particularly in working with my colleagues in repositioning the company for future growth,” Dewhurst said.
“Having reached that particular stage in the company’s progress, I feel the time is now right to make this decision and I am confident that IOOF will continue to be highly successful.”
IOOF chair Ian Blair said the board would immediately commence a process to appoint a new chief executive with the assistance of Dewhurst, who has agreed to remain in the role until a replacement is found.
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