Iress commences board renewal with new hires
Iress has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
The financial services technology company welcomed Susan Forrester AM and Robert Mactier as independent non-executive directors, effective 4 October.
Forrester served as chair and non-executive director on several ASX-listed companies, Iress noted. She is currently the chair of Jumbo Interactive Limited and a non-executive director of Data #3 Limited and Plenti Ltd.
With a background in human resources and corporate law, she is also a Member in the General Division of the Order of Australia (AM) for significant service to business through governance and strategic roles and as an advocate for women.
Forrester will chair the Iress’ people and performance committee when Julie Fahey retires from the role.
Meanwhile, Mactier has similarly served as chair and non-executive director of various companies in Australia and overseas. He is currently the chair of Nuix Limited and a non-executive director of Kinetic IT Pty Limited.
Mactier is also a consultant to the advisory and capital markets division of UBS Australia and has spent more than 30 years in investment banking. He will be a member of the Iress’ audit and risk committee.
Commenting on the two appointments, Roger Sharp, Iress chair, said: “We signalled at our 2024 annual general meeting that Iress would embark on a process of board renewal. I’m delighted to welcome two highly accomplished directors of the calibre of Susan and Rob to the Iress board.”
The firm previously stated in March this year that it would be undertaking a board renewal process amid its transformation strategy, which included four major divestments.
“Just as Iress is in the midst of a transformation, so too must the board evolve to meet the changing needs of the company. We are actively assessing the board skills required to move the company forward and are engaged in a round of succession planning,” it stated.
“The company has commenced recruiting new non-executive directors and is already in the market seeking an additional director with deep financial experience. To the extent that appointments are made during 2024, it is possible that the board will comprise up to nine non-executive directors for a short period during the transition, falling to seven following the 2025 AGM.”
These changes were integral to its transformation plan, Iress added.
AUTHOR
Jasmine Siljic
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