In a statement, the board of Thorn Group said it was a mutually agreed separation that allowed Marshall an opportunity to focus on personal family matters while being available to support the business for up to six months in line with his employment contract as it undertakes a search for a new managing director and CEO.
“Reflecting on the past 10 years, I take tremendous pride in the evolution and development we have achieved across the Group, the business is vastly different and considerably more expansive since listing on the ASX 10 years ago,” said Marshall.
“ I believe there are many more opportunities ahead for the organisation, however, I feel it is important to place the needs of my family as a priority at this time,”
“Thorn has been a significant part of my life for the past 24 years and I consider myself fortunate to have worked with such a talented, professional and passionate group of people. This is now a wonderful opportunity for someone to lead the organisation through its next phase of evolution and I have every confidence Thorn Group’s board and management team will ensure the business reaches its full potential.”
Thorn’s chief financial officer, Peter Forsberg, will be appointed to the position of acting CEO effective while the company seeks a replacement.
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