Terry White is set to become Deputy Chair of the Terry White Group Limited Board while Rhonda White will step down as a director, the group has announced.
Terry White Group Limited today announced changes to its Board structure which will come into effect at the conclusion of today’s Annual General Meeting.
Current Deputy Chair and independent non-executive director Ron Higham will become Chairman of the Board in place of Terry White who will remain on the Board as Deputy Chair.
Non-executive director and co-founder of Terry White Chemists, Rhonda White, will step down as a director as will non-executive director Adrian Staltari.
White says that following its merger with Chemmart, which doubled the size of the group to approximately 500 pharmacies, he believes it is an appropriate time to reshape the Board to lead the company through its next stage of development.
“Ron Higham has been a director with TWG for the last seven years and he has been a tremendous influence and driving force behind the company’s achievements and has been instrumental in guiding the growth of the business,” he says.
White says although Rhonda White is stepping down as a director, she would continue to provide expert advice and guidance to the group.
“Without Rhonda’s leadership, business acumen and visionary approach over the years, we wouldn’t be where we are today and it’s very pleasing to know that she will continue to act as a significant influencer and supporter of the interest of all pharmacies within the network,” he says.
“Both personally and on behalf of the Board, I would like to thank Rhonda for her many years of astute counsel, judgement and dedication, and for her role in both establishing the business and shaping it into what it is today.
“I would also like to extend my sincere gratitude to Adrian Staltari for his contribution to developing our group into a significant and growing force in the pharmacy industry.
“Adrian has been a pioneer of and a staunch advocate for our industry, and has brought wise counsel and insight to our Board decisions during his seven years as a director.
“The changes to our Board reflect our growth and I am very confident it will serve the company well and deliver a strong future for our pharmacy owners, employees and shareholders.
“I believe TWG has a very exciting future ahead and I am looking forward to remaining on the Board as Deputy Chair as we enter this next exciting stage in our growth,” White says.