Schoolblazer Limited (ASX:SBZ) has announced two board changes, with Peter Clare agreed to join as an Independent Non-Executive Director following the release of the company's FY26 full-year results, while long-serving Non-Executive Director Kevin Eley has stated his intention to retire at the company's 2026 Annual General Meeting in February 2027.

Key Points

  • Peter Clare has agreed to join the SBZ Board as an Independent Non-Executive Director, with appointment expected to take effect after the company's FY26 full-year results are released.
  • Clare brings more than four decades of experience in Australian and New Zealand financial services, including former roles as CEO of Westpac New Zealand and Group Executive at Westpac Banking Corporation.
  • Kevin Eley intends to retire at the 2026 Annual General Meeting scheduled for February 2027, having served the company for more than 40 years.
  • Eley joined the Board in 1985, served as Chief Executive Officer of Hancock & Gore from 1985 to 2010, chaired the Board from June to October 2020, and has led audit and risk matters since 2018.

Peter Clare Board Appointment Details

Peter Clare's appointment as Independent Non-Executive Director is expected to take effect after Schoolblazer Limited releases its FY26 full-year results, with a further announcement to be made at that time. Clare currently serves as Non-Executive Chair of Moneytech and Ampelic.ai, and as a Non-Executive Director of People First Bank. He has previously served as a Director of Total Synergy and Lynch Group Holdings. During his executive career, Clare led more than 11,000 people at Westpac Banking Corporation, managed the integration of St.George Bank, and navigated the digital banking transition. He began his career in insolvency and corporate reconstruction and has chaired audit, risk and compliance committees of listed and regulated entities.

Kevin Eley's Tenure and Planned Retirement

Kevin Eley has served Schoolblazer Limited and its predecessor entity for more than 40 years. He joined the Board in 1985 and held the position of Chief Executive Officer of Hancock & Gore from 1985 to 2010. Eley chaired the Board from June to October 2020 and has served as the Board's lead director on audit and risk matters since 2018. The filing states that during his tenure he oversaw the company's growth and its transition to Schoolblazer Limited. He intends to retire at the company's 2026 Annual General Meeting, which is scheduled for February 2027.

Chair Sandy Beard's Remarks on Board Changes

Schoolblazer Chair Sandy Beard commented on both changes in the company's filing. Regarding Clare's appointment, Beard said the incoming director brings independent and specialist expertise, a focus on outcomes, and a deep understanding of risk, as well as hands-on experience using AI to lift productivity. On Eley's retirement, Beard acknowledged his more than 40-year contribution to the company across roles as CEO, Chair, and director, stating that his judgement on audit and risk had been central to the company's journey from Hancock & Gore to Schoolblazer Limited.