- Investment advice company CountPlus (CUP) reveals current CEO and Managing Director Matthew Rowe will not be offered a new employment agreement
- Mr Rowe was appointed CEO and Managing Director in February 2017 where he guided the successful acquisition and integration of Count Financial in October 2019
- Current Chief Financial Officer (CFO) Laurent Toussaint has agreed to assume the role of interim CEO, effective February 24
- A search will begin shortly to appoint a more permanent CEO, with interviews to be made with both internal and external candidates
- Shares in CountPlus are down 15.3 per cent on the market and are trading at 74.5 cents
Investment advice company CountPlus (CUP) has revealed current CEO and Managing Director Matthew Rowe will not be offered a new employment agreement.
Mr Rowe has been contracted until February 24, 2022, and will assist with an orderly handover before his employment ends.
He joined the CountPlus board in October 2016 and was appointed CEO and Managing Director in February 2017.
Mr Rowe led the company through its turnaround strategy and guided the successful acquisition and integration of Count Financial in October 2019.
Prior to joining CountPlus, he was Managing Director of Hood Sweeney, which is the 30th largest accounting firm in Australia.
Current Chief Financial Officer (CFO) Laurent Toussaint has agreed to assume the role of interim CEO, effective February 24.
Mr Toussaint has been CFO of CountPlus since January 2018, previously working with leading professional consulting firms Deloitte Australia and Deloitte and Touche, South Africa.
A search will begin shortly to appoint a more permanent CEO, with interviews to be made with both internal and external candidates.
Shares in CountPlus were down 15.3 per cent on the market and were trading at 74.5 cents at 3:25 pm AEDT.