Powered by MOMENTUM MEDIA

Clime appoints interim chiefs

— 1 minute read

Clime has announced that two members of its board will share the role of interim chief executive following the departure of Rod Bristow in November.

Neil Schafer

Chairman Neil Schafer and non-executive director Brett Spork will take on the shared role and be paid a cool $11,000 a month each as Clime searches for a more permanent replacement, while both men are only required to work in the role 3.3 days a week.

Mr Schafer is a director on a number of boards, including London City Equities, Imperial Pacific, and SPG Asia. Mr Spork has previously served as CEO of E*TRADE Australia between 2002 and 2006, prior to which he worked at Macquarie Bank for 14 years, including and as a director of Macquarie Financial Services. 

Advertisement
Advertisement

The interim arrangements follow the resignation of Mr Bristow, who left Clime in November. No reason was given for Mr Bristow’s departure, who joined Clime in 2018. Several other senior figures have also recently left Clime, including erstwhile chairman Donald McLay, who headed for the exit in early October with non-executive director Allyn Chant hot on his heels. 

Despite the string of departures, Clime is “confident that the business is well positioned to continue to grow sustainably and create increasing value for all its shareholders.”

 

Clime appoints interim chiefs
Neil Schafer
ID logo

 

related articles

  • Lonsec CEO to go

    The CEO of one of Australia’s leading investment research houses has announced that he will step down.  ...

  • QBE gets new group CEO

    QBE has appointed a new group chief executive with more than 30 years’ experience across insurance and banking to replace Pat Regan, who l...

  • MLC AM nabs Clime CIO

    MLC Asset Management has appointed a new portfolio manager, who has previously worked with Clime Investment Management and State Street. ...

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.