Belinda Stronach Regains CEO Job at Stronach Group; Ossip Leaves - Bloomberg

Belinda Stronach Regains CEO Job at Horseracing Firm, Cementing Control

Belinda Stronach and Frank Stronach

Photographer: Donald Weber/Getty Images North America
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Alon Ossip stepped down as chief executive officer of Stronach Group, making way for Belinda Stronach, seven months after her family agreed to settle a long and public feud.

Ossip “had been on a leave of absence since January 2017, so his formal resignationBloomberg Terminal was the next logical step and came as no surprise,” the company said in a statementBloomberg Terminal Friday. The terms of Ossip’s departure by “mutual agreement” are confidential, the company said.