Fortescue to step down as chairman of the Portman Group
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."