Ken Marshman is stepping down as chair of JANA and his successor has been named.
Marshman has announced his retirement from the JANA board and Fiona Dunn has been named as his successor.
Marshman commenced his transition to retirement in 2013. He served as chief executive of JANA from 2000 to 2008, and has served as chair since 2003.
Having established a stable and successful operating structure under management ownership, JANA said Marshman now believes it is time for the next generation of decision makers to make their mark on the business.
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"Ken Marshman has left an enormous legacy at JANA, being with us for over 23 years. When Ken joined the business as an executive director, JANA had only nine employees, 15 clients and total funds under advice (FUA) of $1 billion. Today, those figures are 110 employees, 90 clients and FUA approaching $500 billion," JANA chief executive Jim Lamborn said.
Dunn has been a non-executive director since 2017. She is a former general manager of funds management at Australian Unity and former general manager, wholesale from Perpetual.
Commenting on his successor, Marshman said: "I am so glad the board has elected to appoint Fiona to the role of chair - I am sure she will lead the board well and will provide enormous support to the management team at JANA to ensure its success long into the future."
She brings more than 30 years' experience in investment and corporate experience.
John Coombe will also re-join the JANA board as an executive director. Coombe was one of the first employees at JANA.