Publicly-listed financial services company Thorn Group has announced the stepping down of its chairman, David Carter.
The company announced to the Australian Securities Exchange (ASX) this week that David Carter would be stepping down as chair of the company on 26 August 2014, with fellow director, Joycelyn Morton, to assume the role of chair.
It said Morton had extensive business experience and had been chair of the board’s Audit, Risk and Compliance committee since being appointed a Thorn director in October 2011.
The announcement said Carter was stepping down as part of the board’s renewal process, which was initiated four years ago and would remain on the board as non-executive director until 31 December 2014.
