More turnaround on Superwoman board
The acting chief financial officer and company secretary of listed financial services company Superwoman Group has resigned after being in the role for fewer than three months.
Grant Winberg, also a director of the group, resigned on Friday.
The company said he was appointed in May to “assist the board in the transition of the restructuring and turnaround of the company”. On Friday the Superwoman board said it acknowledged Winberg’s “significant contribution in achieving this task in very difficult circumstances”.
“Mr Winberg has made a substantial contribution in reducing the costs and restructuring the company,” the group’s statement to the Australian Securities Exchange said.
The board appointed Jonathan Warrand as replacement director and acting chief financial officer.
Warrand is the managing director of Intrasia Capital Pty Limited. That company is a majority-owned subsidiary of Intrasia Capital Pte Ltd, which is the major shareholder of Superwoman Group. Superwoman Group, currently in a trading halt, is being supported by a bridging loan from Intrasia Capital Pty Limited.
The ASX statement pointed to Warrand’s experience at companies including Macquarie Bank, Commonwealth Bank, Bankers Trust Australia, Southern Cross Equities, Grant Samuel and Ernst & Young.
He is also a director of Fortia Funds Management and Chancery Funds Management.
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