Board changes at Praemium
Following an organisational restructure and cost reduction program, Praemium has announced a number of key changes to its board of directors.
The company's chief executive Michael Ohanessian has been appointed as managing director, having only served as CEO since August last year.
Praemium stated that Ohanessian had made excellent progress to date in restructuring the company and building the platform for the next phase of the company's development.
Praemium has also announced that non-executive director Don Stammer has retired from the board, effective today.
Stammer served on the board for six years and was previously the Praemium chairman from July 2005 to August 2011.
According to current Praemium chairman Bruce Parncutt, Stammer recently became the company's largest shareholder.
Meanwhile, Praemium non-executive director John Bryson has notified his intention to retire from the board prior to the end of the current financial year and once a suitable replacement can be identified.
He has served on the board since August 2007 as chairman of the company's risk committee, and most recently as chairman of the audit, risk and compliance committee.
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
