Mark Freeman steps down as AFIC CEO
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The news: Australia’s largest listed investment company, Australia Foundation Investment Company (AFIC), has announced the retirement of CEO and managing director Mark Freeman, effective at the end of the 2026 financial year.
Alison Gibson has been appointed as his successor, effective 13 July.
The context: Mark’s retirement follows an eight year tenure as CEO, having previously served as the chief investment officer.
The company said funds under management grew from a combined value of more than $1 billion to $12 billion under Mark’s leadership, alongside the expansion of 200,000 shareholders.
What they said: “Alison Gibson is an experienced investment professional with over 25 years’ experience across portfolio management, equity research and investment strategy within institutional and funds management organisations,” AFIC chairman Craig Drummond said.
“She has a strong background in leading investment teams, setting clear investment frameworks and delivering long-term outcomes for stakeholders,” he added.
The source: ASX
