Lion Selection Group Limited confirmed Robin Widdup's appointment as Executive Chairman of Lion effective 1 February 2024. Barry Sullivan has stepped down as Chairman of the Company and has taken a position as Non-Executive Director. Chris Melloy and Peter Maloney continue as Non-Executive Directors of Lion.

As a consequence of Mr. Widdup's direct employment by Lion as Executive Chairman, the independent directors of the Lion board (Barry Sullivan, Peter Maloney and Chris Melloy) have commenced discussions with Lion Manager regarding the ongoing need for an external manager, and the potential for a more conventional management structure.