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- Bravura Solutions (BVS) appoints Non-Executive Director Libby Roy as its new CEO and Managing Director (MD), effective August 22
- Current CEO and MD Nick Parsons will step down from his role to focus on other priorities after fifteen years as part of the company
- Ms Roy is currently Managing Director of Optus Business in Australia and will begin her role as Bravura CEO after her notice period with Optus expires
- In the interim period, Non-Executive Director Peter Mann will take on the role of Interim CEO
- Shares in Bravura are down 1.38 per cent to $1.43 at 10:54 am AEST
Bravura Solutions (BVS) has appointed Non-Executive Director Libby Roy as its new CEO and Managing Director (MD), effective August 22.
Current CEO and MD Nick Parsons will step down from his role to focus on other priorities after fifteen years of service as part of the company.
Ms Roy is currently the Managing Director of Optus Business in Australia and has previously held several senior executive positions with AMP and AXA in Australia. Before her role with Optus, she was the MD of PayPal in ANZ.
She joined the Bravura board two years ago and said she would use her experience to harness the “tremendous” opportunities the company had in existing markets and globally.
“Bravura has been experiencing a transition in its markets and has been developing its offering accordingly,” Ms Roy said.
“I am very excited to have been given the opportunity to capitalise on this.”
Bravura Chairman Neil Broekhuizen said Mr Parsons had made a “significant” contribution to the company over many years.
“As the former CTO and COO, Mr Parsons has been instrumental in getting Bravura to where it is today, as a widely respected software solutions provider to many of the world’s leading financial institutions,” Mr Broekhuizen said.
“Since becoming CEO, Mr Parsons has done a great job in preparing Bravura for its next phase of growth.”
Meanwhile, Mr Broekhuizen said he expected Ms Roy to contribute significantly to the company’s development, both internally and externally.
“Given her executive background, industry knowledge and experience at board level with Bravura, I have every confidence that Libby will champion the needs of clients, employees
and shareholders into the future.”
Ms Roy will commence as CEO after her notice period with Optus expires and will receive a fixed annual remuneration of $875,000.
In the interim period, Non-Executive Director Peter Mann will take on the role of Interim CEO.
Shares in Bravura were down 1.38 per cent to $1.43 at 10:54 am AEST.
