Australian Ethical Investment Ltd. announced that long-time Managing Director and CEO Phil Vernon will be stepping down after nine years in the role.
Mr. Vernon joined Australian Ethical in December 2009 and over the past decade has overseen substantial growth for the business as Australians increasingly consider the social, ethical and environmental impact of their investment dollar. Mr. Vernon will work closely with management to ensure a smooth transition until his departure date of 31 August 2019. The Board has started a search for Mr. Vernon's successor and Mr. Gibbs will step in as Acting CEO following Mr. Vernon's departure.