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CEO Matthew Melhuish resigns from Enero Group (ASX:EGG)

ASX News
ASX:EGG      MCAP $149.1M
24 December 2019 12:09 (AEST)

CEO of Enero Group (EGG), Matthew Melhuish, has resigned from the company effective from March 31 2020.

Matthew was appointed as CEO and Executive Director of Enero in January 2012.

He has over 30 years’ experience in the advertising and marketing industry across a range of roles in both Australia and the U.K.

Before being appointed CEO, Matthew was the key executive overseeing Enero’s Australian agencies business.

“This has been a very hard decision for me to take after so many years, but the time feels right for me to hand over to someone else to take the business to the next stage under the new strategy announced at our recent AGM,” Matthew commented.

“There’s never a perfect time to do these things, but now seems as right as it ever will and I would like to build myself more of a portfolio life and bring some of the lessons I have learned from renewing Enero to other businesses and industries,” he added.

Matthew is a respected leadership figure within the Australian advertising industry and is a founding partner of creative agency BMF, and was CEO of the same company for 15 years.

To top it off Matthew was also Chairman of the EFFIEs Advertising Effectiveness Awards for 10 years and he played key roles for over 15 years as a National Board member of the Communication Council.

“Under his leadership the group has gone from strength to strength and transformed from a highly fragmented collection of agencies to a streamlined group providing complementary services at the highest standard,” Chair John Porter stated.

As new Chair Ann Sherry takes up her role, Matthew will stay with the company until the end of March 2020 as the recruitment process gets underway for his successor.

Enero has ended the day 3.90 per cent in the red with shares trading for $1.85 apiece in a $165.6 million market cap.

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