Argo Investments Chair to step down

Argo Investments has announced that Ian Martin will retire from his position as chair, effective 30 June 2018.

Martin, who has been a director on the Argo board for 14 years, was appointed as the firm's chair in February 2012. He is currently also chair of UniSuper and the Wayside Chapel Foundation.

At Argo, he will be succeeded by Russell Higgins, who has been a non-executive director of Argo since 2011.

Commenting on his departure, Martin said: "It has been a great privilege to serve on and lead Argo's Board. I am retiring in accordance with the Company's tenure policy and I am pleased to report that our succession planning has proceeded smoothly, culminating in an orderly transition to Russell Higgins, who knows Argo well and is a very experienced Director."

Higgins added: "Ian is a highly respected figure in the financial services industry and Argo has been fortunate to benefit from his many years of service to the Company. The Board warmly thanks Ian for his strong leadership and significant contribution to Argo."

The Argo board expects to announce the appointment of another non-executive director in the near future.