Challenger (ASX:CGF) Chairman Peter Polson today announced that Leon Zwier will retire from the Board of Challenger and not stand for re-election as a Director at the Annual General Meeting on 31 October 2019.
He has served as an independent non-executive Director and member of the Nomination Committee since September 2006.
Masahiko Kobayashi was appointed last month and they expect to appoint a new non-executive Director to the Board in due course.
Shares in Challenger (ASX:CGF) are trading 3.42 per cent higher at $7.25.
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