- SECOS Group (SES) shuffles its leadership team to offer a more “robust” governance structure
- From the start of February, the company’s current Executive Chairman, Richard Tegoni, will take on the role of Chief Executive Officer and Executive Director, while Non-Executive Director Jim Walsh will assume the role of Non-Executive Chairman
- The move follows SECOS CEO Ian Stacey stepping down from his post after four years in the role, turning his focus to sales and strategic partnership development
- The company says it will seek to add an additional Non-Executive Director to its board in “due course”
- SECOS Group is down 5 per cent and trading at 9.6 cents at 1:08 pm AEDT
SECOS Group (SES) has shuffled its leadership team in a bid to offer a more “robust” governance structure.
From the start of February, the company’s current Executive Chairman, Richard Tegoni, will take on the role of Chief Executive Officer and Executive Director.
Mr Tegonia has served on the SECOS board since October 2013, bringing with him over ten years of experience in the biopolymer industry. SECOS said he was a key component of the company’s growth from a small start-up to a global player in compostable products and technology.
The move follows SECOS CEO Ian Stacey stepping down after four years in the role, turning his focus now to sales and strategic partnership development. This will include working with industry participants and corporate development opportunities.
Current Non-Executive Director Jim Walsh will assume the role of Non-executive Chairman.
Mr Walsh joined the SECOS board in November 2018 and chairs both the remuneration and audit and risk committees. He previously held the role of Chair of GMHBA and is a current Non-Executive Director of AG Coombs Group, plus Non-Executive Chairman of KM Property Fund.
The company said it believed adopting a Non-Executive Chairman and Executive CEO structure would offer a more robust governance structure than its previous configuration.
SECOS said it would seek to add an additional Non-Executive Director in due course to further “enhance the independence” of the board and the company’s corporate governance credentials.
SECOS Group is down 5 per cent and trading at 9.6 cents at 1:08 pm AEDT.