The Portman Group will release a new code this month

The Portman Group will release a new code this month

The chairman of the Portman Group is to step down after four years in the post.

Seymour Fortescue will leave on 18 June, the industry watchdog announced today (13 May). A successor will be announced in “due course”, it said.  

Fortescue will become chairman of the Short-term Lending Compliance Board, a new independent body set up to raise standards in the payday loans industry.

“It has been a great privilege to be involved with the alcohol industry over the past four years and I have genuine respect for the efforts of alcohol producers to market their products responsibly,” Fortescue said. 

The Portman Group is due this month to launch the sixth version of its code on the responsible promotion of alcohol after alcohol companies were given a six-month deadline in November.