Perpetual Ltd
(ASX:PPT) CEO David Deverall has decided to resign as head of the company, but will stay on in the role until a replacement is found.
In a statement this morning, Mr Deverall says his decision is a personal one saying that after seven years having steered Perpetual through the global financial crisis, it’s now time for a change.
Mr Deverall says he will work closely with the senior team to ensure the transition is as seamless as possible.
Chairman Rob Savage says Korn Ferry has been appointed to search for the best candidate, with the process to be overseen by the nominations committee of the board.
Mr Savage also reaffirmed guidance given in May for net profit after tax between $85 million and $95 million for the year to June 2010.
Perpetual reported $37.75 million in profit for the 12 months to June 30, 2009.
