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    Selfwealth (ASX:SWF) announces a board change

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    Selfwealth (ASX:SWF) has just announced a change to its board.

    Selfwealth is pleased to announce the appointment of Huy Truong as an independent Non-Executive Director.

    Huy is an experienced entrepreneur with an impressive track record of scaling financial services businesses.

    Huy is currently the CEO and co-owner of ALI Group, a specialist insurance company protecting Australian home and property buyers.

    Shares of Selfwealth have stable following the announcement.

    Any change in the make-up of a company?s board can have an impact on a company?s stock price.

    Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.

    However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.

    As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.

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