Bravura appoints third CEO in three years
Bravura has appointed Andrew Russell as its new group chief executive following a global executive search.
In an ASX statement, it said Russell will become group CEO and managing director of the software solution business.
He has been holding the role in an interim capacity since 19 June 2023 after Libby Roy departed.
Russell’s total fixed remuneration will be $750,000 with a 33 per cent short-term incentive plan and a one-off of 2.5 million options, which will vest three years from grant.
Between April and June 2023, Russell also served as interim Bravura chair before fellow Class veteran, Matthew Quinn, was named non-executive chairman in June.
He will replace Roy who held the role for just 10 months until June 2023. Roy had replaced Andrew Parsons, who had held the CEO role since September 2021.
Prior to that, Tony Klim held the role for 13 years.
Bravura chairman, Matthew Quinn, said: “We are very pleased that Andrew has agreed to become CEO of Bravura. Following an extensive search process, it is clear to the board that Andrew is the best candidate for the role and he has already demonstrated great leadership while acting as interim CEO. We are confident that Bravura has a very bright future with Andrew as CEO.”
Russell added: “It is an honour to be appointed CEO. Bravura has very strong foundations as a leading technology business and we can now build on this, put the recent disruption and uncertainty behind us and focus all our energy on delivering great service to our customers and rebuilding value for our shareholders.”
AUTHOR
Laura Dew
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