The $9 billion LIC has added a former KPMG executive to its board. : Australian Foundation Investment Company has appointed Julie Fahey as a non-executive director effective April 22. Fahey spent 10 years at KPMG as a partner, during which her roles included national lead partner telecommunications, media and technology, and national managing partner for markets. She has 30 years of experience in technology including at Western Mining, Exxon, Roy Morgan, General Motors and SAP. AFIC has been running since 1928 and at March end had assets of $6.3 billion and market cap of $8.3 billion.