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Kerry Stokes bows out as Seven Group chairman

Self-made billionaire Kerry Stokes is retiring as chairman of his Seven Group Holdings and stepping down from the board in the afterglow of the successful corporate raid that gave the conglomerate control of building materials company Boral.

The 80-year-old said he was leaving Seven Group in the best possible hands with new chairman Terry Davis and Mr Stokes’ son Ryan, who as managing director has transformed the company in recent years.

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Brad Thompson was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/wealth/investing/kerry-stokes-bows-out-as-seven-group-chairman-20210825-p58lnn