Gentrack (ASX:GTK) executive chairman resigns

Company News

by Katrina Bullock

The executive chairman of essential service software provider Gentrack Group (ASX:GTK) John Clifford has resigned from the post for personal health reasons.

John leaves the board after 13 years with the company and remains a substantial shareholder.

The Board has appointed Independent Director Fiona Oliver as acting chair following his departure.

The company’s current CFO, James Spence will assume the role of interim CEO until a new CEO is appointed later this year.

John had been fulfilling this role on an interim basis after the company’s former CEO, Ian Black’s exit from Gentrack just prior to its AGM - the same AGM at which the company announced a 78 per cent decline in EBITDA for the half-year to 31 March 2020 compared to the prior corresponding period.

Shares in Gentrack Group (ASX:GTK) are trading 2.19 per cent higher at $1.52.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.