Australian Billionaire Kerry Stokes to Step Down as Chair of Seven Group

Australian Billionaire Kerry Stokes to Step Down as Chair of Seven Group
Executive chairman of Australia's Seven Group Holdings, Kerry Stokes, in Sydney, Australia on Aug, 5, 2014. WIlliam West/AFP via Getty Images
Caden Pearson
Updated:

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.

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