Infocus Group founder Darren Steinhardt will assume the role of chairman following the departure of Barrie Adams at the company's December board meeting.
Adams will remain as a director and continue to chair the group's audit and risk committee, Infocus stated.
"Barrie has contributed significantly to the group since commencing his directorship with Infocus in 2008 and we are extremely appreciative of Barrie's influence in what has been a tumultuous period for the industry post-global financial crisis," Steinhardt said.
During 2012, Infocus opened eight new offices primarily in Victoria, Queensland and Western Australia, further building on the group's retail presence, chief executive Rod Bristow said.
He added that through updates to its client relationship management and financial planning software, Infocus is six months ahead of Future of Financial Advice legislation.
