Australian media mogul Kerry Stokes has announced that he will step down as chairman of investment firm Seven Group Holdings after its annual general meeting in November. The diversified holdings group, which has investments in industrial services, oil and gas, and media, will be helmed by the Seven Group director and former Coca-Cola Amatil boss, Terry Davis. Stokes will remain chairman of Seven West Media. His son, Ryan Stokes, is chief executive of Seven Group. “Seven Group shareholders has an exceptional board of experienced directors, a talented, highly capable and hardworking management team and a strategic portfolio of businesses,” Stokes said in a statement. “I am very proud of Seven Group and its track record and, as I pass the baton to Terry, I am very confident in its future. Terry’s contribution to Seven Group is first class, and I know he will make an excellent chairman,” Stokes said. “In reflecting …
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