AFIC Announces Planned CEO Transition Following More Than Three Decades of Leadership
Australian Foundation Investment Company Limited (ASX: AFI) has announced that Chief Executive Officer and Managing Director Mark Freeman will retire at the end of the 2026 financial year, concluding more than 31 years of involvement with AFIC and its associated listed investment companies. Alison Gibson will take over the role from 13 July 2026 and will additionally lead Australian Investment Company Services Limited, the entity responsible for delivering investment management and administrative support to AFIC and three other listed investment companies.
During Mr Freeman’s tenure, combined funds under management across the four listed vehicles increased from just over AU$1.0 billion to AU$12.0 billion, while the shareholder base expanded to more than 200,000 investors. Ms Gibson brings over 25 years of investment experience, including prior service as a portfolio manager within AFIC. Her fixed remuneration on commencement will be AU$850,000 per annum, with eligibility for an annual incentive of up to 100% of fixed remuneration.
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AFIC Announces Planned CEO Transition Following More Than Three Decades of Leadership
Australian Foundation Investment Company Limited (ASX: AFI) has announced that Chief Executive Officer and Managing Director Mark Freeman will retire at the end of the 2026 financial year, concluding more than 31 years of involvement with AFIC and its associated listed investment companies. Alison Gibson will take over the role from 13 July 2026 and will additionally lead Australian Investment Company Services Limited, the entity responsible for delivering investment management and administrative support to AFIC and three other listed investment companies.
During Mr Freeman’s tenure, combined funds under management across the four listed vehicles increased from just over AU$1.0 billion to AU$12.0 billion, while the shareholder base expanded to more than 200,000 investors. Ms Gibson brings over 25 years of investment experience, including prior service as a portfolio manager within AFIC. Her fixed remuneration on commencement will be AU$850,000 per annum, with eligibility for an annual incentive of up to 100% of fixed remuneration.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au