- Raiz Invest’s (RZI) CEO and Managing Director, George Lucas, will step down from his role at the end of this year
- The company says Mr Lucas will be leaving to “pursue other opportunities”
- He will be replaced by the company’s Australian Joint Group CEO, Brendan Malone, who will assume responsibility for all Raiz offices
- Meanwhile, Raiz Chairman Harvey Kalman is also stepping down, with current Chair of the Audit and Risk Committee Stuart Grimshaw to replace him
- The executive changes will come into effect from today and there will be no change to Mr Malone’s existing agreement
- Shares in Raiz Invest last traded at 50 cents on September 23
Raiz Invest’s (RZI) CEO and Managing Director, George Lucas, will step down from his role at the end of this year.
The company said Mr Lucas was leaving to “pursue other opportunities”.
Mr Lucas founded Raiz and, during his time at the helm, led its growth towards over 1.5 million investment accounts.
He will be replaced by the company’s Australian Joint Group CEO, Brendan Malone, who will assume responsibility for all Raiz offices.
Raiz Chair Harvey Kalman said the board was confident Mr Malone was well-equipped to lead the company through its next phase of growth.
“Brendan has been an integral part of the business since joining as the first employee of the organisation in 2015,” Mr Kalman said.
“He brings a passion for our customers and our people, as well as an intimate knowledge and understanding of our business.”
Meanwhile, Mr Kalman is stepping down from his role as Chairman, with current Chair of the Audit and Risk Committee Stuart Grimshaw to replace him.
Mr Kalman will continue to serve the board as a Non-Executive Director.
The executive changes will come into effect from today and there will be no change to Mr Malone’s existing agreement.
Shares in Raiz Invest last traded at 50 cents on September 23.