Perpetual Equity Investment Company Limited announced the appointment of Mr. David Kiddie to the Board in the role of Executive Director with effect from immediately. Mr. Kiddie is Group Executive of Perpetual Investments, and has an investment management career spanning more than 30 years in Australia and overseas. PIC also announced Michael Gordon will step down as Director of the Board with effect from immediately. Mr. Gordon retired from his Group Executive Perpetual Investments role in February this year to pursue a non-executive career.