Appointment of a Mr David Carter as Director
Sydney, Nov 19, 2014 AEST (ABN Newswire) - Cash Converters International Ltd (
ASX:CCV) (CKKIF:OTCMKTS) advises that Mr David Carter will join the board of directors with effect from 1 December 2014.
Mr Carter has been an international partner of one of the world's largest law firms and has extensive legal and management experience. He has been a director of a number of listed company boards, a chairman of two, and chairman of two audit and risk committees.
Mr Carter was, until quite recently, a non-executive director of Thorn Group Limited and remains as a director of Genetic Technologies Limited (both ASX listed entities.) Other companies where he has acted as a director include VENCorp Ltd (the public corporation previously responsible for managing the gas and electricity market and transmission grid in Victoria), Azure Healthcare Limited (Chairman) (ASX listed), and the not-for-profit company, Diabetes Australia Victoria Limited.
Mr Carter has over 25 years' experience as a corporate lawyer. His experience includes advising companies in relation to mergers and acquisitions, capital raisings, Corporations Law, Listing Rules and the establishment of corporate governance policies and procedures.
Mr Carter has significant practical corporate governance experience through his role as a director and his legal advisory roles. He has broad experience in the consumer finance industry through his role as director of Thorn Group Limited and with McMillan Shakespeare Limited as a legal adviser and company secretary. He has also provided a wide range of legal and commercial advice to member/franchise organisations.
In addition to his legal qualifications, Mr Carter holds a Bachelor of Economics with majors in finance and accounting. His ongoing roles as an advisor, a board chairman, an audit/risk committee chairman and a board member, have qualified him with a valuable practical understanding of financial and accounting standards and principles.
Mr Carter will be appointed the Chairman of the Audit Committee with effect from 1 December 2014.
The Chairman of Cash Converters International Limited, Mr Reginald Webb said: "David's appointment is very timely, since the Board have been seeking a suitable candidate for some time.
With knowledge of both the financial services and franchise industries, David's appointment will immediately add to the combined experience of our Board. We look forward to him joining from 1 December and I have no doubt David's appointment will add to the quality candidates who have recently joined the Board of Cash Converters".
About Cash Converters International Ltd
Cash Converters International (ASX:CCV) is a franchised retail network listed on the ASX. It specialises in the sale of second-hand goods. The Cash Converters group employs modern retailing practices, professional management techniques and high ethical standards to the management of its stores throughout the chain which appeal to a wide cross section of the community. As a result, Cash Converters has been able to position its outlets as credible retail merchandise stores, resulting in a profitable market for the group.
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