Kylie Lambert steps down at Count

Countdeputy managing director Kylie Lambert will step down from the role at the end of this month and leave the financial services group to take on a management role in an aged care business owned by Lambert and her partner.

Lambert first announced her intention to resign from the group to its board in February of last year and will be replaced in the deputy managing director’s role by general manager Marianne Perkovic, who has been with the group for six years.

Lambert joined Count in 1991 at which time Count had a gross income of $2.3 million which has since climbed to $42 million at the end of the last financial year.

Lambert will remain a shareholder in Count, with slightly more than six million shares or 2.79 per cent of the listed group, saying the reason for retaining the stake is that Count “is a growth company in a growth industry and I have great confidence in the team managing Count, operationally led by Marianne Perkovic”.

Managing director Barry Lambert indicated in the release of last year’s annual report that he will remain with the group to at least 2006 and stated in a release to theAustralian Stock Exchangetoday the group is on track for a 2003/2004 operating profit of $10 million.

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He also stated the group had applied for a variation to its Australian Financial Services Licence (AFSL) and would no longer be an IDPS operator.

The reason for this move, according to Lambert, was that at the launch of wealth e-account it was necessary due to the group’s and platform’s association withBT.

However BT has since removed this requirement with Lambert stating that there is a perception that wealth e-account is a Count product and this variation will remove that perception.