Class chairman Barry Lambert, who was elected chairman in 2008, on Thursday announced his decision to retire from the board of directors and concentrate on his campaign work for greenlight.support, which advocates on behalf of sick Australians for access to cannabis for medical purposes.
In an ASX statement, Class said Mr Lambert led the company into its successful IPO in December 2015 and thanked him for his valued contribution to the company.
Matthew Quinn will succeed Mr Lambert as the new chairman.
Mr Quinn joined the Class board of directors on 1 July 2015. He was previously managing director of Stockland and is currently a non-executive director of CSR and UrbanGrowth NSW, and a chairman of Carbonxt Group and mPort.