Link Administration Holdings Limited announced plans for board renewal and rightsizing following the recent divestments of the Fund Solutions (FS) and Banking & Credit Management (BCM) businesses, and the demerger and in-specie distribution of PEXA earlier in the year 2023. Independent Non-Executive Directors, Dr. Sally Pitkin AO, Mr. Peeyush Gupta AM and Mr. Glen Boreham AM will retire at this year's Annual General Meeting (AGM) on 28 November 2023. The company announced the appointment of Mr. Mark Lennon as an Independent Non- Executive Director effective 13 October 2023. In accordance with the Company's constitution, Mr. Lennon will stand for election at the upcoming Annual General Meeting (AGM) on 28 November
2023. Mr. Lennon's proposed election will be detailed as a resolution for shareholder consideration in Link Group's Notice of Meeting. Mark is a seasoned professional in the superannuation sector, with over 30 years of experience in the industry. He has served on the boards of several superannuation funds including Energy Industries Superannuation Scheme (EISS) from October 2021 until its merger with Cbus Super in May 2023, First State Super (now Aware Super) from 2010 to 2019 and ASSET Super from 1993 to 2010. Mark has extensive knowledge and expertise in the superannuation and financial services industry and is presently a director of Aware Financial Services and the Sydney Financial Forum. He is also a director of the McKell Institute, a research organisation that focuses on social and economic issues, and APHEDA, the overseas aid agency of the Australian union movement. Mark is a former Secretary of Unions NSW and past President of the ALP NSW branch. During his time at Unions NSW, he dealt with many superannuation and financial services matters on behalf of both accumulation and defined benefit fund members. At the fiscal year 2023 AGM, the size of the board will reduce from 8 to 6.