GBST Holdings Limited (ASX:GBT)
says CEO and Managing Director Stephen Lake will retire after nearly 14 years with the company.
As part of the succession plan Mr Lake will be fully involved in the selection of a successor and the hand over process.
GBST say that Mr Lake has been instrumental in the success of the company which has grown from a market cap of $44 million to over $300 million and increase revenue five-fold since listing on the ASX ten years ago.
An international executive search firm will review a list of internal and external candidates with a handover expected to complete sometime during 2016.
GBST Holdings reported a net profit of $15.27 million for the 2015 financial year.