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Emerging financials stock Income Asset Management (ASX:IAM) has internally promoted a long-time CPA-holding member of staff, Jerome Jones, to Head of Finance.
The move follows the departure of CFO Clare Power, and Jones commenced his new role on Tuesday.
Jones has been with IAM for 14 years, the company wrote, “tasked with leading finance functions [in various capacities.]”
Holding both CPA certification and company secretarial experience, IAM is anticipating a seamless transition between Power’s departure and Jones’s onboarding – or, what little is needed.
Outside of IAM, he also boasts 25 years experience in roles directly exposed to the publicly listed company and ASX-facing landscape.
Notably, Jones’s appointment as ‘Head of Finance’ is part of a restructure and “rationalisation process,” IAM wrote on Tuesday.
That ‘rationalisation’ has seen IAM cut back some $2M in salaries at the company YTD.
The company is now largely swapping its focus to the targeting of revenue generation.
“I would like to thank Clare for the diligence and commitment she has brought to the CFO role over the past three years,” IAM chair John Nantes said of the outgoing CFO’s run in-house.
“We welcome Jerome to the Head of Finance role, knowing that he remains as a safe and experienced pair of hands to
guide IAM’s finance function.”
IAM recently posted a 29% jump in assets under management to a total of $3.5B.
IAM shares last traded at 9cps.
