Challenger Limited (AU:CGF) has released an update.
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Matthew Michelini has resigned from Challenger Limited’s Board after Apollo Global Asset Management’s stake in the company dropped below the required 15% threshold. Despite the change, both Challenger and Apollo are dedicated to their strategic partnership, focusing on asset origination and distribution for future growth. Michelini’s departure is effective immediately and Challenger reaffirms its commitment to delivering shareholder value.
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