SYDNEY, AUSTRALIA: Infomedia Ltd announced that Jonathan Rubinsztein has tendered his resignation as CEO & Managing Director and the Board has accepted.
Non-Executive Director, Jim Hassell will step in as an interim CEO effective immediately while a competitive search commences for a permanent replacement.
Mr Rubinsztein, who has a proven record of leading high-performance teams in the technology sector, was central to Infomedia’s turnaround and the key architect of Infomedia’s SaaS platform strategy over five successful years in the role. He departs Infomedia to pursue another opportunity within the technology sector.
Infomedia Chairman Bart Vogel said: “Jonathan has made a significant contribution to the company and an opportunity has arisen that Jonathan has decided to pursue. This transition comes at a time when the company has strong momentum. The successful development and roll-out of Next Gen, the launch of Infomedia’s data services and insights business Infodrive, and the recent acquisition of SimplePart, will contribute to Infomedia’s future growth.”
Jonathan Rubinsztein said: “I’m proud of the value we have delivered to customers, shareholders and the development of our team. Infomedia is in great shape, has clear direction and the team is executing well. It’s a good time to make a change and for a new set of hands to steer the company into its next chapter.”
Bart Vogel said: “The Company has performed strongly in the first quarter and remains on track to meet FY2022 revenue guidance. An update will be provided at our Annual General Meeting which will be held on 25 November 2021.
A thorough, competitive search for our new CEO will commence immediately. The Board wants to thank Jonathan for his contribution and wish him well for the future. The Board is also immensely grateful that Jim has agreed to step in as interim CEO.”
Mr Hassell will act as interim CEO until a permanent CEO & Managing Director has commenced. Jonathan will continue to work closely with Mr Hassell and the executive leadership team to ensure a smooth transition and handover until his formal departure on 29 October 2021 and thereafter as required.
Mr Hassell was appointed to the Infomedia Board of Directors in May 2021. He has more than 30 years’ experience in the technology sector, both in Australia and internationally. He has held positions as Group CEO of BAI Communications, VP and Managing Director of Sun Microsystems as well as various senior executive positions with NBN Co and Broadcast Australia.
Infomedia Ltd (ASX:IFM) is an Australian-based SaaS platform provider in parts, service, e-commerce and data insights solutions to the global automotive industry.
Infomedia has led innovation in aftersales technology within global automotive distribution networks for more than 25 years and continues to expand its reach within the three regions in which it operates.
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