Spring FG appoints acting CEO
Listed financial services company, Spring FG, has appointed its current head of advice services, Frank Paul, as their acting chief executive.
In an announcement to the Australian Securities Exchange (ASX), the company said Paul would become acting CEO to enable the company's founder and managing director, Keith Cullen, to reduce his work commitments following recent medical leave.
Prior to joining Spring FG Paul founded and worked as managing director of a financial planning and investment advisory firm, Moneytree, from 1994, until it was acquired by Spring FG in 2014.
Cullen recently underwent a scheduled donor nephrectomy to assist an immediate family member, the company said.
Spring FG chairman, Guy Hedley said: "While Keith's surgery was a success for all concerned, the procedure was ultimately more invasive than anticipated, resulting in a longer period off for full recovery".
Paul's appointment would enable Cullen to take time off to focus on his recovery, Hedley said, He would then gradually return to work over the next few months.
Paul would assume full responsibility for the company's daily operations while the board and Cullen would retain responsibility for corporate matters.
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