Former CIO steps down from WAM board

Chris Stott
CHRIS STOTT
Wilson Asset Management (International) Pty Limited - Director
DEPARTURE
Wilson Asset Management (International) Pty Limited
WILSON ASSET MANAGEMENT (INTERNATIONAL) PTY LIMITED
Date: July 2019
Position: Director

Wilson Asset Management has announced the departure of director Chris Stott, effective 26 July 2019.

Stott, who joined Wilson Asset Management (WAM) in 2006, also served as the firm's chief investment officer until announcing his retirement from the role in December 2018. WAM founder and CEO Geoff Wilson assumed the role following Stott's retirement.

During his tenure, Stott served as director of WAM Capital and WAM Microcap and also as the portfolio manager responsible for WAM Capital, WAM Research, WAM Active and WAM Microcap.

WAM said in an announcement to the ASX that independent directors now represent the majority of the board. The board comprises chair Geoff Wilson; independent directors Lindsay Mann, James Chirnside and Dr Philippa Ryan; and non-independent director Kate Thorley.