Challenger Limited (AU:CGF) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into AU:CGF stock, check out TipRanks’ Stock Analysis page.
