Capricorn Group Chief Executive Officer, David Fraser, has announced that he is retiring from the role, in December 2024, after 18 years in the company, serving the last five as Group CEO.
“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,” David says.
Mark Cooper, Chair of Capricorn Society Limited Board, paid tribute to Fraser’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.
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.
“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,” Gannon says.
Fraser 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.”