Former chair ousted from Clime board


Clime shareholders have voted to remove former chair Neil Schafer as a director at the firm.
The motion was passed at an extraordinary general meeting held on 6 August.
In a statement to the Australian Securities Exchange (ASX), the firm said 94% of shareholder voters voted in favour of his removal while 4.9% were against and 0.14% abstained.
No reason by the firm was given as to the reason for Schafer’s dismissal which had initially been proposed by shareholder Locope.
Money Management contacted Clime for more information but chief executive Annick Donat declined to comment beyond the ASX statement.
Schafer was initially an independent director but had been working as co-chief executive of the firm with Brett Spork following the exit of Rod Bristow in November 2020. This post was later taken by Donat who joined Clime in May.
He also served as a chair until April 2021 when he became a non-executive director.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.