Korvest Ltd. announced that Peter Stancliffe retired as Chairman of Korvest and Graeme Billings has been appointed as Chairman. Mr. Billings was appointed to the Korvest Board in May 2013 and has served as the Chairman of the Audit Committee since then. He has been a Chartered Accountant since 1980 and retired from PricewaterhouseCoopers in 2011 after 34 years where he was a senior partner in the Assurance practice.

Mr. Billings is a former head of the Melbourne Assurance practice as well as leading the Firm's Australian and Global Industrial Products businesses. Mr. Billings is now a non-executive director for a number of public and private companies in the manufacturing, consumer goods, retail, construction and biotech sectors as well as acting as a strategic advisor to various corporations.