Join our daily newsletter At The Bell to receive exclusive market insights
- Ignite Group (IGN) has appointed Tim Moran as its new Chief Executive Officer
- Tim Moran previously held the roles of Asia-Pacific Regional Director for SThree and Manager of Finance for Michael Page Group
- The new CEO will receive a base salary of $350,000 per annum, plus statutory superannuation
- Tim’s FY22 short-term incentive will consist of $100,000 per year, subject to KPI’s which will be determined in June
- Ignite Group is up 8.16 per cent, trading at 5.3 cents
Ignite Group (IGN) has appointed Tim Moran as its new Chief Executive Officer.
Tim Moran was previously the Asia-Pacific Regional Director for SThree, where he also held various senior roles since 2009, including Country Director for Australia. Prior to SThree, Moran worked for Michael Page Group as Manager of Finance.
The new CEO will receive a base salary of $350,000 per annum, plus statutory superannuation.
Tim’s 2022 financial year short-term incentive will consist of $100,000 per year, subject to KPI’s which will be determined in June. A suitable incentive to reflect ongoing shareholder value is yet to be negotiated.
Following an extensive search process, Executive Chairman Garry Sladden said the Board was very pleased to welcome Tim Moran to the role, particularly after the past two years, which saw the company restructure and navigate the challenges presented by COVID-19.
“Given Ignite’s extensive restructure over the past 2 years, the time is right for a new and highly experienced industry CEO to take over the leadership of Ignite and create a highly successful and profitable business,” said Garry Sladden.
Ignite Group is up 8.16 per cent, trading at 5.3 cents at 2:17 pm AEDT.
