Revolving Doors – June 2024

In a tricky job market, recruitment difficulty remains high. According to the JSA Recruitment Experiences and Outlook Survey, the recruitment difficulty rate has increased by 3 percentage points over the month, with the statistic most pronounced in non-capital regions of the country.

Negotiating a job offer. New research published in Organizational Behaviour and Human Decision Processes, indicates that negotiating is unlikely to ultimately jeopardise a job offer. Be brave to think outside of the box when negotiating, it’s not always about the money. For example, you might value flexible working or some time off before starting for which you are willing to compromise a bit on terms. Be clear, professional, and mature to determine a win-win outcome for both parties and start that new role with a smile.

It’s the time for CFO’s to shine. In compressed market conditions, there is no better time for CFOs to manage cashflow and their key metrics astutely. Resilience and the ability to weather the storm, so to speak, are key attributes that many companies seek in their current and future leaders.

Here are some of the interesting appointments and ‘revolving doors’ from the past month.

ASX Moves In >  

SEEK have announced that Kendra Banks has been promoted from ANZ Managing Director to their CFO effective 1 July 2024. It would be interesting to know if Kendra used their recruitment search platform to express interest.

Genesis Energy, a major energy company based in NZ, have appointed Julie Amey as their CFO commencing 4 November 2024. Julie is currently the CFO at SkyCity Entertainment Group.

Fonterra Shareholders Fund, the largest dairy co-op across the ditch, have promoted Andrew Murray from Commercial Director to CFO effective 1 August 2024.

Clean Seas Seafood, have reeled in David Di Blasio from Yumbah Aquaculture to be their new CFO effective 11 June 2024.

Metals Australia have announced that Tanya Newby will be their new CFO and company secretary, effective immediately (28 May 2024).

CFO Moves Out >

Audinate Group, a technology company providing audio and video networking solutions, recently announced the departure of Rob Goss. Rob joined Audinate in 2017, and served as their CFO during the IPO process.

Perenti, a diversified mining services group based out of Perth, advised on the resignation of Peter Bryant to accept the CFO position at Perth Airport.

Nuix, pioneers in investigative analytics and intelligence software, have advised that Chad Barton will be stepping down at the end of August 2024 following the release of the FY24 results.

Interesting Moves Outside the ASX >

Belinda Shaw has accepted a new role as CFO at TEG, a global leader in live entertainment, ticketing & technology, replacing long standing CFO Sandra Rouse, effective 22 July 2024. We wish Sandra Rouse the best in her new role at TEG driving strategy, M&A and operations for the company.

Staying with live entertainment, producers of hit musicals like &Juliet, Hamilton & Kinky Boots, Michael Cassel Group warmly welcomes Nicole Marcusson as their new CFO effective 29 July 2024. Nicole brings a wealth of experience and expertise from her time at Endemol Shine Australia.

Phil Wallace will be stepping down from his role as CFO ANZ at Holcim after 6 years at the helm.

Keeping it simple, Anshul Wadhwa will be taking on his first CFO role moving from Bridgit to Simpology effective 1 June 2024.

Swapping intelligent monitoring for construction and breaking down industry silos, Eason Ramanathan joined Waco Kwikform Group as their new CFO in May 2024.

In case you missed it, Emma Roche has joined George & Matilda Eyecare as their new CFO effective April 2024.

Authors:

Greg Madden – One of the founders and an executive director of [axr]. He leads the Career Advisory and Transformation practice and specialises in Accounting, Finance and Business Transformation Recruitment. Greg is also one of the Program Directors for The [axr] CFO Incubator.

Greg O’Shea – Greg is a founder and executive director of [axr]. He leads the Accounting & Finance practice and specialises in CFO and Senior A&F roles. With over 30 years of recruitment experience, Greg is an expert in the Sydney market – known for his advisory capabilities as he delivers career outcomes aligned to business culture and vision to stand out from others in the market.

Kunal Gupta – Kunal comes with over 15 years of experience working in Finance & Accounting. Ex-Big 4, CA qualified with industry experience across Financial Control, FP&A and Commercial Finance.