Key changes at Austock
Publicly-listed investment group, Austock has announced key board and management changes, including the departure of its chief executive, Bill Bessemer.
The company announced to the Australian Securities Exchange (ASX) this week that Bessemer would step down as CEO having facilitated a handover to executive chairman, Rob Coombe, who joined the board in July.
It said Bessemer was expected to continue serving on the board, but that Ross Higgins and Eric Barr would be resigning their board positions at the company’s annual general meeting today (Wednesday).
The ASX announcement also said that Austock Life chairman, Martyn Pickersgill had resigned for health reasons but would continue as a non-executive director.
It said Pickersgill would be replaced by Chris Freeman.
The announcement said Ross Higgins had resigned as CEO of Austock Life and, while remaining on the board, would be replaced by co-CEOs, Catherine van der Veen and Lucy Foster.
It said van der Veen and Foser had resigned their positions as joint heads of Wealth Transformation at the Commonwealth Bank to take up the opportunity.
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
