DomaCom founder departs business in management shake-up

domacom john hewson

4 April 2022
| By Laura Dew |
image
image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 4 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 2 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

5 days 10 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

4 days 14 hours ago