The Board of Magellan Asset Management Limited has been informed by Dr Brett Cairns of his resignation and departure from the Company as Director for personal reasons effective 6 December. The Board advised that it has appointed Ms Kirsten Morton as Interim Chief Executive Officer. Ms Morton has been the Chief Financial Officer of Magellan for over eight years. She has a detailed understanding of Magellan and its operations, having joined the Company's senior management team in 2013.