The chief executive and deputy chief executive of Trinity, Laurie Brindle and Steve Leigh, have resigned.
They have been replaced by the company’s chief financial officer, Craig Bellamy, who will take over the position of chief executive, while former head of distribution David Asplin has been appointed to deputy chief executive and head of funds management.
“While the resignations are disappointing for both parties, I would like to thank Laurie and Steve for their efforts in stabilising Trinity’s balance sheet,” chairman Keith De Lacy said.
Trinity recently negotiated to extend the due date of its loans with National Australia Bank to October 2011.
De Lacy said Trinity’s board remained focused on its funds management business and its capital management program, including asset sales.
