Pollard Banknote has confirmed the departure of Garry Leach from the firm’s board of directors after he resigned due to health reasons.
Leach, who served on Pollard Banknote’s board for 13 years, worked as Lead Director and Chair of the Governance and Nominating Committee and the Compensation Committee and as a member of the Audit Committee.
He first became affiliated with the firm in 2009 when he was elected as a Trustee to the Pollard Banknote Income Fund before joining the board of the wider company just one year later.
Following Leach’s resignation, the company’s Governance and Nominating Committee has already begun the recruitment process for a replacement director.
Ensuring the leadership structure’s stability in the interim, John Pollard has temporarily been appointed to the Audit Committee to serve as the third member, until a new independent director is identified.
“Garry has made a significant impact on our organization and indeed on every person in our company who has had the good fortune to benefit from Garry’s many years of experience in manufacturing, leadership and critical thinking,” commented Gordon Pollard, Chair of the Board of Directors, Pollard Banknote.
“His contribution to board deliberations has been invaluable to our company, and his counsel to the management team has been greatly appreciated. His mentorship, advice and support of Pollard Banknote has been instrumental in leading our company in its successful growth over the past 13 years.
“On behalf of the Pollard family and all the shareholders and our management team, I wish to thank Garry for his guidance and wisdom in supporting our vision over these many years.”