Former Sequoia Risk and Compliance Committee chair | Australian Markets
The former chair of Sequoia Financial Group Board Risk and Compliance Committee, Charles Sweeney has resigned with impact from right this moment.
Sequia introduced to the Australian Securities Exchange (ASX) this morning that Sweeney’s resignation is efficient from 29 July.
The announcement comes as Sequoia offers with points surrounding the collapse of the Shield Master Fund however mentioned that Sweeney had determined to step down from the Board “as it has become increasingly difficult for him to balance his other commitments with his non-executive role at Sequoia”.
“Charles has been a tireless and valuable contributor to the success of SEQ over the past six years and we thank him for his loyalty and dedication over that time,” the announcement mentioned.
It mentioned the board is within the last phases of confirming a appropriate alternative with probably two replacements being presently thought of in recognition of the rising duties confronted by SEQ Directors because the Group continues to develop.
The announcement mentioned that as the previous Chair of the Risk and Compliance Committee Sweeney “has also graciously agreed to continue supporting our business in the short term while we transition to a successor(s)”:.
Sequoia chief government, Garry Crole thanked Sweeney for his worthwhile insight and expertise and famous that he had stepped into the Chair’s function on an interim foundation during a troublesome period for the business previous to the appointment of Mike Ryan in late 2024.
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