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SFG co-founder, chairman to depart

meeting, business, boardroom, companySpeciality Fashion Group (SFC) has announced the retirement of chairman, Geoff Levy, and non-executive director and co-founder, Ian Miller.

SFG confirmed the two would not be seeking re-election at the next annual general meeting on November 17.

Levy has served as chairman of the company since his appointment to the board in March 2005, and Miller, a co-founder of the company, served as executive director since the company’s inception in 1993 to 2007, and thereafter as non executive director.

In a statement, Levy thanked his peers for his time at the company.

“I would like to thank my board colleagues, management, all staff and shareholders for their support during my period as chairman,” Levy said.

“I am very proud to have been associated with SFG, and I am confident that under its talented CEO, Gary Perlstein and his team , it will go from strength to strength.”

This sentiment of gratitude was also echoed by the outgoing co-founder.

“I have been delighted to be a a part of the SFG’s impressive growth trajectory over the past 23 years and to have had the opportunity to be involved in many of the company’s key leadership initiatives,” Miller said.

“It has been a privilege to work with a collegial board and management team which seeks and values director contribution. I am very confident the company is well placed to grow and achieve positive results for its shareholders, customers and employees.”

Gary Perlstein, CEO, SFG, paid tribute to Levy and Miller’s long term contribution.

“Ian Miller co-founded SFG in 1993 when the company opened its first two Millers stores.  He has directly contributed to the extraordinary growth and success, to where the company is today, trading six established brands across 1086 stores in Australia, New Zealand, the USA, and South Africa. These achievements could never have been possible without Ian’s exceptional contribution.

“Geoff Levy joined the board in 2005.  He has played a very significant role through the period of considerable growth and financial success.  He has made particular contributions in our corporate and growth strategies, understanding the customer experience as well as championing the company’s growth initiatives.”

Non executive directors, Anne McDonald and Michael Hardwick, have been unanimously endorsed by the board to succeed  Levy as interim co-chairs of the company until such time that a replacement is appointed. Levy and Miller will both retire from the board at the end of their term, and the conclusion of the AGM.

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