Fortescue to step down as chairman of the Portman Group

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Seymour Fortescue is to step down as chairman of the Portman Group on June 18 after four years in the role.

 

He is to take up a new role as the the first chairman of the Short-term Lending Compliance Board (SLCB), a new independent body set-up to raise standards in the payday lending industry.

 

The Portman Group is currently looking for a successor.

 

Fontescue said of his departure: "It has been a great privilege to be involved with the alcohol industry over the past four years and I have genuine respect for the efforts of alcohol producers to market their products responsibly. Alcohol affects national politics, corporate policy and society as a whole and it has been fascinating to play a small part in that debate and to champion effective self-regulation by the industry."

 

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