Billabong director steps down

Billabong International has announced the resignation of director Matthew Wilson due to a potential conflict of interest in Oaktree’s investment portfolio.

Alternate director for Wilson, Thomas Casarella has also resigned.

Wilson joined the board in November 2013 and his departure follows Billabong’s first full-year profit in five years.

--

The GPT Group has announced the resignation of chief investment officer, Carmel Hourigan, who is leaving to become the global head of property at AMP Capital.

She replaces Adam Tindall GAICD who will step up as managing director of AMP Capital position when Stephen Dunne GAICD retires in October.

Hourigan has held senior positions at Lend Lease Challenger and Colonial First State. She is also the vice-president of the Property Council of Australia.

Hourigan’s departure follows the announcement in April that chief executive officer (CEO), Michael Cameron FAICD was stepping down after six years leading the firm to become the group CEO and managing director for Suncorp Group.

He was replaced by Bob Johnston, former managing director at property development firm, Frasers Australand.