AFIC CEO Mark Freeman announces retirement

The Australian Foundation Investment Company (ASX:AFI) has announced that CEO Mark Freeman will retire at the conclusion of the 2026 financial year.

The move marks the end of an era for the veteran executive, who has steered the firm through nearly a decade of market volatility.

Freeman’s departure follows an influential eight-year tenure as CEO, preceded by a decade-long stint as the firm's Chief Investment Officer.

His leadership has been a stabilising force for AFIC, a cornerstone of the Australian Listed Investment Company sector.

The board has moved swiftly to name a successor, appointing Alison Gibson to the top job, effective July 13.

Gibson is set to inherit a broad portfolio; in addition to the AFIC leadership, she will take over as CEO of Australian Investment Company Services.

The pivotal role involves overseeing the investment and administrative operations not only for AFIC but also for its sister entities: Djerriwarrh Investments, Mirrabooka Investments, and AMCIL.

At the time of reporting, Australian Foundation Investment's share price was $6.86.