The Board of Clime Investment Management Limited (CIW) announced that Mr. Neil Schafer has retired as Chairman of CIW and Mr. John Abernethy has been appointed as CIW's new Chairman, each effective from 22 April 2021. In addition to his role as Non Executive Chairman, Mr. Abernethy's consultancy role remains in effect. Mr. Abernethy has over 37 years funds management experience, including roles in corporate advisory and public company directorships. Mr. Abernethy is the founder of CIW and has been a Director of the Company for over 25 years. Mr. Abernethy is the Chairman of Clime Capital Limited and a director of WAM Research Limited, Clime Private Limited and Jasco Holdings Limited. Following Mr. Abernethy's appointment as the Chairman of CIW, Mr. Schafer will maintain his current responsibilities as a non-executive director of CIW.