After 17 months in the top job, David George has relinquished his positions as Magellan Financial Group chief executive and managing director, effective immediately.
Magellan boss David George left the role on Wednesday, after just 17 months in the role, as the fund manager looks to restore its once high-flying status.
Shares of Australia s Magellan
Financial Group tumbled more than 7% on Wednesday to
hit over a decade low, after its CEO and managing director David
George stepped down from his roles, with immediate.
The departure of David George is yet another turbulent move for Magellan, coming just weeks after the company celebrated completing its board renewal process.
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