With the CEO and managing director of Bravura Solutions, Libby Roy stepping down from her position, it is seen as another setback to the dynamic female leadership in Australian stock exchange listed companies.
Libby Roy had taken up this key position at Bravura in August 2022, prior to successfully handling responsibility as a former managing director of business at Optus who has also held senior roles with PayPal and AMP. On joining, she took the charge from Nick Parsons who has announced departure couple of months prior.
Libby, the outgoing CEO who will be succeeded by Andrew Russell. Andrew was made interim chairman in April until the position was assumed by Matthew Quinn the former Stockland managing director.
Chairman Matthew Quinn revealed that Bravura has deep intellectual property, market leading products and a valued, high quality customer base.
“Our new CEO will be selected based on their ability to provide exceptional service to our customers, lead our talented employees and create value for shareholders. We thank Libby for her time as CEO.”
The organisational change program to reconfigure Bravura’s strategy, initiated by Libby involved a major reshuffle of the board at a time in the crucial period of ‘number of operational and market-related challenges’.
She said, “I am confident in the team’s ability to execute on this plan and achieve our targets of delivering an estimated $25-30 million in annualised cost benefits once fully implemented.”
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