Business
Why the Magellan (ASX:MFG) share price dipped lower today
The Magellan Financial Group Ltd (ASX: MFG) share price slipped today on the appointment of a new non-executive director. At the time of writing, the Magellan share price is down 2.5% to $59.45. In comparison, the S&P/ASX 200 Index (ASX: XJO) is also down 1.3% at 6,517 points.
What is driving the Magellan share price?
The Magellan share price fell after management announced that Colette Garnsey would take the role as non-executive director, effective immediately. Ms Garnsey will join her colleagues in the Magellan audit and risk committee, and the remuneration and nominations committee.
Ms Garnsey has more than 40 years of experience in retail, marketing and distribution, and holds executive MBA from the Graduate School of Business…
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