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Finbar Group Limited (ASX:FRI)

ALERT: Price-sensitive ASX Announcement for FRI
Current share price for FRI : $0.805 -0.005 (-0.62%)+
Announcement
Release
26 Feb 2026 8:04AM
Price at Release
$0.810
Full Release
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Summary
The Board of Finbar Group Limited has announced key changes to its leadership as part of its board renewal and succession strategy. John Chan, the company's long-time Executive Chair, will transition to a Non-Executive Chair role effective 2 March 2026. Melissa Chan, previously the alternate director to John Chan and currently serving as Chief Operating Officer, has been appointed as an Executive Director, also effective from the same date. John Chan's significant contributions to the company since 1995, including his role in Finbar's strategic direction and growth, are recognised. Melissa Chan, with extensive experience in the real estate sector and large-scale property development, will continue to lead operational strategy and growth. This transition aims to ensure continued strategic oversight and shareholder value creation.
Key Points
  • John Chan transitions from Executive Chair to Non-Executive Chair effective 2 March 2026.
  • Melissa Chan appointed as Executive Director effective 2 March 2026.
  • John Chan acknowledged for his pivotal role since 1995 in Finbar's growth and direction.
  • Melissa Chan's role includes operational leadership and corporate strategy execution.
  • The transition is part of Finbar's board renewal and succession planning.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.