Soul Pattinson and Company (ASX:$SOL) Board Changes at FY23 AGM

Soul Pattinson and Company (ASX:SOL) announced board changes during its Annual General Meeting for the Financial Year 2023. Thomas Millner, a Non-Executive Director and member of the Nomination Committee, Risk Committee, and People, Culture & Remuneration Committee, will retire effective 31.12.23 after being appointed in 2011. Additionally, new appointments and re-elections were announced for David Baxby, Tiffany Fuller, and Josephine Sukkar AM.

Executive Commentary on Performance Highlights and Investment Activity

The CEO & Managing Director's presentation highlighted the company's increased cash generation, portfolio outperformance, and managing investment risk. The company also emphasized continued dividend growth, consistent long-term performance, and scaling operations for operational growth. The CEO further discussed the company's investment activity, including the value of buying and selling across the portfolio, investments in private markets, re-allocation, and cash available for new opportunities. The first quarter update showcased portfolio resilience and continued investment activity across various portfolios.

Summary of FY23 AGM and Outlook

Soul Pattinson and Company (ASX:SOL) announced significant board changes at its FY23 AGM, with the retirement of Thomas Millner and new appointments and re-elections. The company's performance highlights included increased cash generation, portfolio outperformance, and managing investment risk, leading to continued dividend growth and consistent long-term performance. The company also emphasized its operational growth and investment activity, showcasing resilience and continued commitment to new opportunities. The outlook for Soul Pattinson and Company reflects a focus on sustained performance and strategic investment decisions in the coming year.