DomaCom founder departs business in management shake-up
DomaCom chief executive, Arthur Naoumidis, has left the business while former Liberal leader, John Hewson, has been appointed as a non-executive chair.
In an announcement to the Australian Securities Exchange (ASX), it said John Elkovich had been appointed as chief executive with immediate effect to replace Naoumidis, who founded DomaCom in 2011.
Angela Williams would also join the board as a director.
Former chairman, Grahame Evans, would remain on the board as non-executive deputy chairman.
The new board said it intended to promptly apply to relist the company and commence a fundraising period to “grow and scale the company substantially”.
Hewson said: “Arthur’s entrepreneurial skills in identifying and bringing a revolutionary new offering to the market demonstrates his innate capacity to pioneer in a marketplace which has lacked invention. We wish him well in his future endeavours.”
AUTHOR
Laura Dew
Recommended for you
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.
Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.
