ACT Chief Executive announces retirement

22 July 2008

After nearly seven years as Chief Executive, Richard Raeburn has announced his intention to retire from the Association of Corporate Treasurers (ACT) at the end of the year. He will continue with his non-executive roles at Home Group and Wandle Housing Association, and remain a trustee of St Christopher's Hospice.

A search is now underway to appoint Richard's successor and an announcement is expected to be made during the fourth quarter of the year.

Richard Raeburn said:
"I have enormously enjoyed the role and am proud of the substantial programme of change that my team and I have delivered across our qualifications, our events and publishing work and especially our international focus."

David Swann, ACT President and Finance Director of BAT Nederland BV, said:
"The ACT has developed substantially under Richard's leadership to become a global provider of qualifications in treasury, risk and corporate finance. In particular, he has successfully maintained the ACT's reputation for excellence in education, training and development while expanding its events and publishing activities and its international presence. He retires with our thanks and best wishes. We intend to continue to build on this success and further expand our provision of training and development, promoting the key role that treasury skills play in the financial and economic prosperity of any company."

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