- Melos Sulicich announces his resignation as CEO and Managing Director of MyState (MYS), effective December 31, 2021
- He originally resigned in January 2020 but agreed to stay until at least September 2021 to guide the company through COVID-related challenges
- Mr Sulicich attributed his previous resignation to family matters, claiming he had been away from them for the past six years
- He joined the company in 2014 and, according to the company, was instrumental in leading the transformation of the business
- MyState ends the day 2.01 per cent in the green with shares trading at $5.08
Melos Sulicich has announced his resignation as CEO and Managing Director of MyState (MYS), effective December 31, 2021.
Mr Sulicich initially resigned in January 2020 but withdrew his request and agreed to stay until at least September 2021 to guide MyState through COVID-19 challenges.
He credited this previous resignation to family reasons, claiming he had been away from them for the past six years and wanted to return home permanently.
Chairman Miles Hampton had nothing but praise for Mr Sulicich.
“The MyState board has greatly appreciated Mr Sulicich staying on to see the company through the COVID impacts on the business,” Mr Hampton said.
“While we are sorry to see him leave, we acknowledge his outstanding leadership and commitment and wish him well for the future.”
During his period at MyState, Mr Sulicich led the digital, technology and operational transformation of the business.
Mr Sulicich said the company is well placed to deliver growth and has decided now is the right time to step down and let someone else lead the company.
“I take the opportunity to express my appreciation to the MyState team and board for their support. Together we have built a modern and scalable platform well-positioned for significant growth, both at MyState Bank and TPT Wealth,” Mr Sulicich commented.
MyState has ended the day 2.01 per cent in the green with shares trading at $5.08 in a $524.2 million market cap.