Powerwrap board Director steps down

Independent platform provider, Powerwrap, has announced that Chris Brant is stepping down from its board, effective 17 November 2017.

Brant first joined Powerwrap in 2015 and in December 2016 was appointed as interim managing director following the departure of former CEO, Cormac Heffernan.

Following the recent announcement of a permanent CEO appointee, William Davidson, who commences in January 2018, Brant is stepping down from both his executive and board positions with the firm.

Commenting on his departure, chair, Matthew Driscoll, said: "[Chris] has driven substantial improvements in the company's business operations and service delivery, including a management restructure, IT developments and process efficiencies. Chris also drove the program to recapitalize Powerwrap and introduce new investors to help stabilise the share register."

"We thank Chris for his significant contribution and we wish him well in the future."

The Powerwrap board will oversee the firm's operations until Davidson commences in January.

Editors note: This departure was originally flagged in October 2017. Click here for more details.