Specialty Fashion Group Limited announced that its Chairperson Ms. Anne McDonald will retire as a non executive director and Chairperson at this year's Annual General Meeting in November and be replaced by Mr. Michael Kay. Mr. Kay will join the Board as a non executive director and Chairman-elect, effective from 1 October 2018. Mr. Kay joins the SFG Board with considerable experience as a non executive director and an executive across a range of industries. Most notably, Mr. Kay is Chairman of accessories retailer Lovisa Holdings where he has led the Board during a period of substantial growth. Mr. Kay is scheduled to retire from the Lovisa Holdings Board on 31 October 2018. Ms. McDonald joined the Board in April 2007 and was appointed Co-Chairperson in November 2015 before taking on the role in a sole capacity in August 2017. Mr. Kay will stand for election at SFG's Annual General Meeting on 9 November 2018. Mr. Kay is currently Chairman of Lovisa Holdings, IMG Bentham and Apply Direct and a Non-Executive Director of Royal Automobile Club Insurance (WA). He was previously a non executive director of Quintis Ltd. Mr. Kay was Chief Executive Officer and Managing Director of McMillan Shakespeare for six years and previously held a number of senior executive roles at AAMI including Chief Executive Officer. The previously announced process of Board renewal, of which today's announcement is part, is ongoing and recruitment of a non executive director to replace Ashley Hardwick, who also retires at the Annual General Meeting, will commence shortly.