The chief financial officer of diversified financial services group, MyState (ASX: MYS), has tendered his resignation after a decade with the group.
Paul Viney was appointed CFO and company secretary of Tasmania Perpetual Trustees in July 2003 and remained in the roles following its merger with MyState in September 2009. He resigned as company secretary last September in order to focus on MyState’s growth and key capability projects within the finance area.
MyState managing director, John Gilbert, thanked Viney for his contribution and highlighted his key role in completing and embedding the merger. Viney finishes on 30 April.
“Paul was integral to the acquisition of The Rock. He has transformed systems and processes within the group’s finance area, helped to build strong corporate capability in mergers and acquisitions and he leaves the business in very good shape for the future,” Gilbert said.
MyState is already on the hunt for a new CFO and intends to make an announcement prior to Viney’s departure, he added.
“MyState has produced very strong results under John’s leadership and I am proud of my contribution in driving growth for all stakeholders helping to increase market capitalisation of the company to some $385m,” Viney said.
“With the company in solid shape, I feel I am able to pursue other opportunities and challenges.” In its last half-yearly report for the six months to 31 December 2012, MyState reported a 22 per cent rise in revenue to $129.6m, along with profit after tax of $14.56m, a rise of 29.78 per cent.
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