ISS Group reshuffles management

Continued growth spurs splitting of CEO and MD into two roles

ISS Group (ASX:ISS) has flagged a management reshuffle in an effort to better handle growth after five years of continued expansion at the operational management software company.

Under the reshuffle, the organisation has split the roles of managing director and CEO into two distinct positions, with ISS Group founder, managing director and CEO, Shane Attwell now relinquishing the position of CEO.

Tony Hanavan, previously head of the Australian division of ISS Group for the past two years, is now CEO.

Commenting on the change, Attwell said in a ASX statement that it had been increasingly difficult to maintain a dual focus on day to day operations and long term strategic direction.

“My decision to concentrate on strategic direction allows for the creation of a separate CEO position to ensure that the day to day management of ISS Group is not compromised as we continue to grow,” he said.

ISS is also due to shortly report its half year results to 31 December 2009.

Earlier in the month it flagged that these results were likely to include a profit before tax of $2.76 million, up 128 per cent for the half year on year.

Net profit after tax is expected to be $3.7 million, up 216 per cent for the half year on year.

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