Smartgroup Corporation Limited announced that Michael Carapiet will retire from the Company's Board as Chair and independent non-executive director effective from the conclusion of the Company's Annual General Meeting, to be held on 8 May 2024. Mr. Carapiet has been a non-executive Director and Chair of the Smartgroup Board from just prior to the Company's listing on ASX in July 2014. The Board has agreed to appoint Mr. John Prendiville, currently Deputy Chair, as the Chair upon Mr. Carapiet's retirement.

Mr. Prendiville is a longstanding Smartgroup non-executive director (and previously Chair of the Audit and Risk Committee) with a wide portfolio of other company directorships. John is Chair of Wilsons Advisory, an Australian company focused on private wealth management and institutional stockbroking. He is also a Director of the University of Notre Dame Australia (and Chair of its Finance and Investment Committee), a Director of Shift Financial Pty Limited, a rapidly growing provider of finance to the Australian SME space, and a range of other private companies.

Previously, John held numerous senior roles at Macquarie Group, where he worked for 20 years until 2011.