Australian computer and electronics retailer Thorn Group Ltd. said Feb. 1 that it has named David Foster as chairman of the board, following Joycelyn Morton's resignation from the post.
Foster was a nonexecutive director on the board prior to his appointment. He was also the CEO of Suncorp Bank, the business unit of financial services company Suncorp Group Ltd, until 2013.
Meanwhile, Morton served as the board's chair for seven years and will remain with Thorn Group as a director until a replacement is found.
Morton played a key role in the settlement between the company's subsidiary Thorn Australia Pty. Ltd. and the Australian Security and Investment Commission, Thorn Group said.
