SYDNEY, AUSTRALIA: 1st Group Limited (ASX: 1ST), the Australian digital health group, has appointed Joshua Mundey as its new permanent Chief Executive Officer, effective today.
Mr Mundey has been acting in the role of Interim CEO since October 2022. The decision to appoint Mr Mundey in a permanent capacity has been taken by the Board as a direct result of his expressed commitment to the role, his exceptional professional track record and expertise, and the sustained focus that he has already brought to the executive leadership position.
The Board have tasked Joshua Mundey with specific short term KPI’s to address the following; Obtaining an unqualified auditors opinion as part of the current 1H financial audit requirements, Removing the ASX suspension, Continuing the improvement in the company’s capital position and medium to longer term business performance.
Joshua has over 15 years’ experience in financial services and healthcare with an in-depth understanding of the Australian healthcare industry.
Mr Mundey has 15 years of healthcare and financial services experience working in organisations such as American Express, Investec Bank and most recently as the Co-Founder and Chief Growth officer of healthcare lender Credabl.
With a strong background in healthcare, Mr Mundey is an experienced sales and marketing executive and brings extensive experience in managing strategic partnerships with healthcare organisations.
NonExecutive Chairman, Mr Chris Whitehead, commented: “The appointment of a new permanent CEO is a key step in the revitalisation of 1st Group. The renewed Board will continue to review and update the business strategy for 1st Group. We need to ensure that we have the right people talent and other resources required to take full advantage of the significant opportunities available to the Company.”
Additionally, the Company recognises the importance of delivering appropriately structured equity incentives to employees, which supports aligning their interests with those of Shareholders of the Company. The Board has commenced a review of long-Term incentive arrangements and will seek the approval of shareholders as required in due course.
1st Group is an ASX listed digital health group consisting of MyHealth1st.com.au, PetYeti.com.au, GoBookings.com and innovative telehealth platform Visionflex.
These integrated platforms provide easy-to-use online search and appointment booking services and offer a range of value-added apps and services that facilitate digital patient and customer engagement