Portman Group chairman leaves role

Portman Group chairman Seymour Fortescue will step down on 18 June after four years in the role.

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

Fortescue said: “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.”

The appointment of a successor will be announced “in due course”.

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