Wilson Asset Management appoints Catriona Burns as CEO

Wilson Asset Management has appointed Catriona Burns as its new chief executive officer, succeeding Kate Thorley after her 15-year tenure in the role, as reported by Grafa.

The appointment forms part of the investment manager's long-term internal succession plan, with the company opting to promote from within rather than recruit an external candidate.

Burns will continue to serve as lead portfolio manager of the firm's global fund while taking on the chief executive role.

Succession strategy

Wilson Asset Management Chairman Geoff Wilson said the appointment highlights the strength of the company's leadership pipeline and its focus on long-term succession planning.

"Catriona's appointment reflects the strength of our leadership team, our long-term succession planning and positions Wilson Asset Management strongly for its next phase of growth," Wilson said.

Thorley will transition into a full-time executive director position, ensuring continuity within the company's leadership team.

Business outlook

Wilson Asset Management operates several listed investment companies on the Australian Securities Exchange, investing in undervalued growth opportunities across Australian small and medium-sized businesses as well as global equities.

The company said the leadership transition is designed to support its next phase of growth while maintaining its investment strategy and governance framework.

Following the announcement, Wilson Asset Management shares were unchanged at A$1.57.