Magellan Financial Group (ASX:MFG) Appoints Sophia Rahmani as CEO
Executive Appointment
Magellan Financial Group Ltd announced the appointment of Ms Sophia Rahmani as Chief Executive Officer and Managing Director, effective from 3 March 2025. This appointment concludes the transitional leadership arrangement previously established by the Board.
Board Changes
Following Rahmani’s appointment, Andrew Formica will revert to Non-Executive Chairman and cease his role as Executive Chairman. The Board of Directors will now include Mr Formica, Mrs Deborah Page, Ms Rahmani, Mr David Dixon, Mr John Eales, and Ms Cathy Kovacs.
Executive Comments
Chairman Andrew Formica stated, “I am delighted to confirm Sophia as our new CEO. Her outstanding leadership and strategic insight have already made a significant contribution since she joined us in May 2024.”
Ms Rahmani commented, “I am honoured to take on the role of CEO at MFG. This is an exciting time for the company, we have a strong platform for growth, with an exceptionally talented team, enduring client relationships and innovative, high quality strategic partnerships.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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