Equity Trustees has announced that non-executive director Anne O’Donnell will retire at the conclusion of the firm’s next annual general meeting.
Ms O’Donell joined the board in 2010 and held a number of roles during her 12-year tenure including chair of the responsibility entity compliance committee and member of the board risk committee and remuneration, human resources and nomination committee.
“On behalf of the board, I wish to thank Anne for her significant contribution to our board over the last 12 years,” said Equity Trustees chair Carol Schwartz AO.
“Her experience and genuine interest in this unique company has meant she has been able to offer valuable insights and perspectives around the board table. On behalf of the board, I wish her well and all the best for the future.”
The company confirmed that Ms O’Donnell would retire by rotation and not seek re-election. A replacement will not be appointed, bringing the total number of directors on its board to seven.
Ms O’Donnell, who previously spent nine years as CEO of Australian Ethical and 20 years at ANZ, remains an independent director at industry super fund Spirit Super.
Equity Trustees is set to announce its full-year result on 19 August.
Last month, the firm announced that it had been appointed as local responsible entity (RE) for Foord Asset Management’s high conviction global equity portfolio.
“Equity Trustees is proud to bring many years of local and international funds governance experience to Foord Asset Management’s equity capability,” Equity Trustees executive general manager of corporate trustee services Russell Beasley said at the time.
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.