Challenger Board Director to depart

Company News

by Jessica Amir

Challenger (ASX:CGF) has announced one of its board Directors, Brenda Shanahan, will stand down after being with the group since 2011.

The investment management firm specialising in annuities says her insights and broad expertise were appreciated.

Brenda served on number of its subsidiaries committees, such as Risk, Audit, Remuneration and Nomination.

The outgoing director will not stand for re-election at its AGM on 26 October 2017.

Meantime, Challenger is undertaking a search for her replacement and remains committed to having 30 per cent women on its board by 2020.

Shares in Challenger (ASX:CGF) are trading 0.24 per cent lower to $12.33.
 

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