Melbourne, Australia: Hansen Technologies Ltd (ASX: HSN), a leading global provider of customer care and billing solutions, announced today a planned leadership transition as part of its strategic growth initiatives.
The company’s Managing Director and Chief Executive Officer, Andrew Hansen, will be transitioning his operational tasks to Graeme Taylor, the Chief Development Officer and former Chief Financial Officer (CFO).
Effective immediately, Graeme Taylor will assume the role of Chief Executive Officer, while Andrew Hansen will continue as Managing Director, focusing on Hansen’s strategic growth activities. This well-defined and long-established plan will allow Hansen to capitalize on global strategies, including mergers and acquisitions (M&A), under Andrew Hansen’s guidance, while Graeme Taylor oversees day-to-day operations as CEO.
Graeme Taylor brings more than three decades of experience to his new role, having worked closely with Andrew Hansen and the executive management team for almost ten years. He served as CFO from 2014 to 2023 and most recently held the position of Chief Development Officer, overseeing strategic projects and M&A activities in Europe. Following the successful transition of the CFO function, Graeme has relocated back to Melbourne, Australia.
Chairman David Trude expressed the Board’s satisfaction with the leadership transition, stating, “The Board strongly endorses Graeme as CEO and believes he is the ideal choice to lead Hansen in its next phase of growth.” Graeme’s previous role as CFO allowed him to actively contribute to strategic decisions, navigate the business through challenging times, and foster strong relationships with the executive management team.
Andrew Hansen emphasized his excitement about the future of Hansen Technologies, stating, “I am delighted to have the opportunity to work with the global executive team, driving the strategic growth aspects of the business with Graeme overseeing overall operations.” He will now focus on identifying and integrating acquisition targets to support Hansen’s expansion plans.
Graeme Taylor expressed his gratitude for the support he has received and his commitment to continuing Hansen’s remarkable record of revenue growth and profitability. He stated, “Hansen is a remarkable company, and I am privileged to be supported by a team of extremely talented executives and staff.”
The Board remains confident in Hansen’s ability to achieve its FY23 guidance, with an expected organic revenue growth of 3-5% compared to FY22 and an underlying EBITDA margin of +30%. The company’s clear strategy, strong balance sheet, and cash flow generation position it well to execute its strategic directions for the benefit of customers, employees, and shareholders.
Hansen Technologies’ CEO transition marks an important milestone in the company’s history, ensuring a seamless continuity of leadership and a strong focus on strategic growth in the evolving market landscape.
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