Board of Directors

Thorn Group Limited is driven by a group of professionals unmatched in their experience and innovation in providing quality products to consumers in return for maximum profits.

Joycelyn Morton

Chairperson, Independent Non-Executive Director

Joycelyn Morton is an FCPA and FCA and has extensive business experience in Australia and internationally, as well as having held senior positions in the accounting profession and as a non-executive director of other ASX listed companies. Joycelyn began her career with Coopers & Lybrand (now PwC), then Woolworths and later joined the Shell Company, with responsibilities across Australia and other global locations. Her roles with Shell encompassed a variety of senior tax and accounting roles, culminating in being Vice President Accounting Services for Shell International BV.

Joycelyn has been Australia's representative for the past six years of the global professional body, the International Federation of Accountants, she has been Deputy Chair of Australia's Professional Standards Council, National President of CPA Australia and is currently on the Board of ASC Pty Ltd (previously Australian Submarine Corporation). Joycelyn notified the board that she has ceased to be a member of the Divisional Board and the Board of Advice for the University of Sydney Business School.

Joycelyn Morton was appointed as a Director effective from October 2011.

David Foster

Independent Non-Executive Director

David Foster was appointed by the Board as a non-executive director on 1 December 2014.  David has had an extensive career in financial services spanning over 25 years.

David is also a non-executive director of Kina Securities Limited, a Senior Advisor to Ernst & Young in Banking and Capital Markets as well as various advisory roles in construction, education and local government.

For a five year period from 2008, David Foster was chief executive officer of Suncorp Bank, Australia’s fifth largest listed bank and the country’s only “A+” rated regional bank. This period included recovery from the global financial crisis and taking the bank to a position where it subsequently achieved an S&P rating upgrade to A+ and was recognised as the Australian Banking & Finance Financial Institution of the Year in 2012 and 2013. During his 11 year career at Suncorp Bank, Mr Foster had responsibility for developing the bank’s strategy and business model, acquisitions, product development and implementation of a significant technology platform.

Mr Foster is the chair of Thorn’s Audit, Risk and Compliance Committee.
He holds qualifications of Bachelor of Applied Science, Master of Business Administration and is a Senior Fellow of FINSIA and Graduate of the Australian Institute of Company Directors."

Stephen Kulmar

Independent Non-Executive Director

Stephen Kulmar has extensive business experience, encompassing over 40 years in advertising, communications marketing and strategic development. Currently Steve is Managing Director of Retail Oasis, a retail marketing consultancy which focuses on connecting retailers with consumers. Before that, he established retail marketing services business, IdeaWorks, which he expanded over 28 years to 145 people with offices in Australia and New Zealand, with it ultimately being sold to WPP plc.

Stephen Kulmar was appointed as a Director effective from April 2014.

Andrew Stevens

Independent Non-Executive Director

Andrew Stevens has some 30 years’ experience in business and technology, spanning program design and delivery risk evaluation, governance, business transformation and regional/global expansion.

Andrew worked at IBM for 12 years, with his roles including Managing Director of Australia and New Zealand for three years, and Managing Partner, Global Business Services and Growth Markets across the APAC region. As IBM ANZ Managing Director, Andrew was involved in transforming the IBM business and client relationships for the Cloud-based market era. Prior to IBM, Andrew led the PricewaterhouseCoopers Consulting business across Asia Pacific.

Andrew has a Master of Commerce from University of New South Wales, is a member of the Australian Institute of Company Directors and an Associate member of Chartered Accountants ANZ. He is the Chair of the Federal Government’s Advanced Manufacturing Growth Centre and holds directorships with MYOB Group Limited, the Greater Western Sydney Giants, the Australian Chamber Orchestra and the Committee for Economic Development in Australia.

Andrew Stevens was appointed as a Director effective on June 1, 2015.

Belinda Gibson

Independent Non-Executive Director

Belinda Gibson is a company director and corporate adviser with extensive experience of the securities and financial markets and particularly regulatory strategy, corporate transactions and governance arrangements.

Belinda worked as a corporate and securities partner at global law firm, Mellesons Stephen Jaques, for 20 years. In 2007, she became commissioner and subsequently deputy chair of ASIC. In 2013 she left ASIC to establish her independent corporate advisory business.

Belinda is a non-executive director of Citigroup Pty Ltd, chairs the AMP Advice Review Panel, is a member of the Chief Executive Women board of directors and chairs the CEW Scholarship Committee and is a Trustee of the Australian Museum. By appointment of the Treasurer of New South Wales, Belinda is also a member of the board of governors of Electricity Retained Interest Corporation – Ausgrid; as a director of 9 subsidiaries of that company which collectively will own 49.6% interests in Ausgrid. She has also joined the 2 boards of the partnerships that operate Ausgrid. Belinda is a past director of Airservices Australia and of the charitable body, The Sir Robert Menzies Foundation. Belinda has a Bachelor of Economics and Laws from The University of Sydney and a Master of Laws from The University of Cambridge.

Belinda was appointed as a Director effective on 1 July 2016.