Aspen Group announces departure of Chair, CEO & CFO

Pictured: CEO, Clem Salwin

Aspen Group has announced that its chair, chief executive officer, and chief financial officer will depart the Group as part of a management restructure. The changes come as Aspen Group considers its way forward after selling its interests in the Aspen Parks Property Fund to Discovery Holiday Parks Group in February.

In a statement to the ASX that considers several investment opportunities within and outside the Group's existing portfolio, the Aspen board said:

"Aspen Group's strategy can best be pursued in future under the stewardship of new senior management. As such, the current CEO, Clem Salwin, and CFO, Adam Marrs Ekamper, will be leaving the company at the end of September and August respectively and we have commenced a search for their replacements.

"In addition, Frank Zipfinger the current Chairman has tended his resignation. The Board has appointed Clive Appleton as his replacement.

"We thank Frank, Clem and Adam for their tireless efforts over the past few years and for putting Aspen Group into the stronger position that it enjoys today."