McGrath hires NASDAQ-experienced CFO

Company News

by Rachael Jones

McGrath (ASX:MEA) has bolstered its management team, and hired an ASX listed experienced chief financial officer, Howard Herman, with the appointment to take effect from 24 June 2019.

The real estate agencies’ CEO Mr Geoff Lucas says Howard Herman has an impressive track record with experience in “transformations and mergers and acquisitions”, which “will be a valuable addition to the senior management team.”

In the property sector he has worked with Lend Lease in Sydney and Anglo American Properties in Johannesburg, South Africa.

Howard was most recently the CFO of Nasdaq listed, global apparel business, Naked Brand Group Limited.

He was also the CFO of fashion retailer, Speciality Fashion Group, now known as City Chic Collective (ASX:CCX).

Mcgrath (ASX:MEA) shares are trading flat at $0.27. Year to date its shares have gained 25 per cent.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.