Seven Group Holdings Limited announced that Don Voelte AO had informed the Board of his intention to retire on 31 August 2015 and as a result the Board has appointed the current Chief Operating Officer, Ryan Stokes, as incoming Managing Director and Chief Executive Officer. Mr. Voelte's decision to retire had been difficult after seven years of service with the Group but it was now time to place the needs of his family in the U.S. first, and he will be retiring from all directorships within the Group. Mr. Voelte has agreed to the Board's request to remain as a consultant on an exclusive basis, with a particular focus on the Group's recently established energy division.

Mr. Stokes has been COO of SGH for the past three years, and has held numerous executive roles within the Group over a 15-year period.