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Capricorn chief to retire, with new CEO in 2025

The man who has steered one of the country’s largest cooperatives, in a period of growth that has seen Capricorn grow to almost 30,000 members will retire at the end of the year.

After 18 years in the group and five as leader, Capricorn Group Chief Executive Officer, David Fraser, announced he will retire from the role, in December 2024.

The Capricorn Board has announced Brad Gannon, current Chief Executive Officer of Automotive will be the new Capricorn Group Chief Executive Officer from January 2025.

“It’s been a privilege to lead Capricorn for the last five years, and I am very proud of what I’ve achieved and the positive impact we’ve been able to have for Members businesses,” Fraser says.

Capricorn Society Limited Board Mark Cooper, Chair of paid tribute to David’s contribution to Capricorn and the Industry.

“David has done a truly wonderful job of leading Capricorn over the last five years. We have seen substantial growth in this time and improved Member returns.”

“This year, Capricorn will celebrate our 50th anniversary and David has set the organisation up for a successful next 50.”

David Fraser has over 38 years of experience in the automotive industry and has held senior sales, marketing and general management roles over the past two decades. Prior to his appointment as Capricorn’s Group CEO in 2019 he was CEO of Capricorn’s Automotive Division.

“I am absolutely thrilled that the Board have asked me to take on the role of Group CEO following David’s retirement. It is a great honour and a privilege. I look forward to continuing to deliver an amazing experience for our Capricorn Community,” Brad says.

Fraser says he is looking forward to developing his Board career further.

He currently sits on the Board of Business Council of Cooperatives and Mutuals, Western Australian Motor Industry Foundation, and Tyre Stewardship Australia.

“While there is never a perfect time to retire, I felt now is the right time for both Capricorn and for me. I have full faith that Brad will continue to grow the business to support the wonderful Capricorn community.”

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