- Midway (MWY) appoints Tony McKenna as its new Managing Director and Chief Executive Officer
- The appointment follows the stepping down of the current Managing Director and CEO, Tony Price, who will pursue non-executive roles
- Tony McKenna will start with Midway after he exits from his current employer, Ruyi Australia Group
- Midway shares were up 5.29 per cent, trading at $1.10 at 4:10 pm AEST
Midway (MWY) has appointed Tony McKenna as its new Managing Director and Chief Executive Officer.
Tony McKenna will receive a yearly fixed salary of $550,000 and be eligible for a short-term incentive of up to 30 per cent of the annual remuneration.
The new CEO comes with experience in strategic management and innovative investment strategies. Since 2016, Mr McKenna has held the role of Managing Director and CEO of Ruyi Australia Group, a subsidiary of the Shandong Ruyi Technology Group, a Chinese multinational group, and has worked on mergers, acquisitions, private equity and operational management.
The new appointment follows the stepping down of the current Managing Director and CEO, Tony Price, who will pursue non-executive roles.
The company says the new appointment follows an extensive selection process involving external and internal candidates.
Midway Chairman Greg McCormack says the new appointee has the right combination of operational and investment experience to lead the company to a new phase of growth.
“Mr McKenna has extensive international experience in delivering growth strategies and major investment projects that will directly assist Midway with its future growth plans including leveraging our core businesses, expanding in complementary opportunities and investing in emerging technologies,” Greg McCormack said.
Tony McKenna will start with Midway after he exits from his current employer.
Midway shares were up 5.29 per cent, trading at $1.10 at 4:10 pm AEST.