By now the news of my retirement may have already reached you

David Fraser, Group CEO, Capricorn Society Ltd

If not, let me take this opportunity to let you know that I’ll be stepping down as Capricorn’s Group Chief Executive Officer this December.
After 18 years with the company, including five as Group CEO, I’ve made the difficult decision to retire. There was a lot of deliberation with my family over the summer holidays.
On one level, it is a difficult time to leave: Capricorn is in the best shape of its 50-year history, the industry is facing defining challenges, and we’ve got so many great initiatives in the pipeline that I am keen to see through to completion.
Also, quite simply, Capricorn has just been a great place to work. I have loved every minute of it. You don’t stay somewhere 18 years unless that’s the case! I am very proud of what we’ve achieved and the positive impact we have been able to have on Members’ businesses over that time.
In doing so, I am very pleased and reassured to know that Capricorn will be in very safe and able hands, with Brad Gannon stepping into the Group CEO role.
I have worked closely with Brad for many years in his role as Chief Executive Officer Automotive and I know he is looking forward to continuing to deliver an amazing experience for our Members, Preferred Suppliers, and the Capricorn community. I wish him all the best.
I’ve announced my departure now because I wanted to be transparent about the decision. Leaving at the end of the calendar year means I can work with the Board and Brad to ensure a smooth transition and a successful handover. It also gives me the rest of the year to get out and see as many of you as possible.
Finally, I would like to take this opportunity to thank the Board, my Executive Leadership Team, and all our employees, who have done a fantastic job in supporting me, our Members, and the broader Capricorn community.
I’ve spent 38 years in this industry. It has been an honour and a privilege to spend the second half of my career serving Capricorn’s Members. So, thank you.
Yours in cooperation,
David Fraser
Group CEO – Capricorn Society Ltd

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