Thorn Group’s CEO leaves
Australia’s financial service provider Thorn Group has announced the departure of the company’s managing director and chief executive, James Marshall, due to “personal family matters”.
According to the company’s board, both parties managed to achieve a ‘mutually agreeable separation’ allowing Marshall to focus on his personal matters while being available to support the business for up to six months in line with his employment contract.
At the same time, Thorn’s chief financial officer, Peter Forsberg would be appointed as acting CEO effective 24 April until a permanent replacement is identified.
Thorn’s chairman, Joycelyn Morton, said: “We have built a strong management team over the past three years and we believe this will hold the organisation in good stead as the board commences a search for a new leader to take the organisation forward”.
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