Accent Group shares down after chair transition plan announced
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More news: Accent Group’s share price has fallen after announcing its chair David Gordon would retire in November after eight years in the role and more than 18 years on the board.
The numbers: Accent’s share price fell 1.57% to $1.88 at 2:02pm AEST.
Accent Group chair David Gordon to retire
The news: Retail and distribution business Accent Group's chair David Gordon will retire after eight years in the role and more than 18 years on the board.
The context: Gordon will be succeeded by Lawrence Myers who joined the board of directors in November 2023 and is currently chair of the people and remuneration committee.
Gordon will leave at the conclusion of the company's annual general meeting on 21 November.
What they said: “David has been instrumental in helping the Company to grow to what it is today and more recently to securing the right to the Sports Direct business in Australia and New Zealand,” group CEO Daniel Agostinelli said.
“His experience and measured input to the Board has been invaluable and will be missed. We also welcome the appointment of Lawrence as Chairman of the Board and look forward to working with him in this position.”
The source: ASX
