Pureprofile Limited (ASX: PPL or the Company) wishes to announce the following key changes to its executive team:
Mr Paul Chan has resigned from the Company as Chief Innovations Officer and from the Board as Managing Director, effective today, 5 February 2018.
Mr Chan founded Pureprofile in 2000, with a vision to empower consumers by giving them control of their profile as an asset. With this vision now substantially achieved and having positioned the company to advance commercialisation of its products, Mr Chan will pursue new opportunities.
The Company’s CEO, Mr Nic Jones, will replace him in the role of Managing Director, effective today and on the same terms as announced to the market on 29 November 2017.
In addition, the Company is in the final stages of appointing a Chief Financial Officer and Chief Technology Officer as well as a Managing Director to Pureprofile’s UK office. The Company intends to provide further updates with the release of its H1FY2018 half-year results.
Following the Company’s change of auditor to Grant Thornton (announced to the market on 3 January 2018), and in a further boost to strengthen its finance function, the Company has engaged professional services firm, Deloitte, to provide financial controller services to the Company.
Executive Chairman, Andrew Edwards, said: ‘Firstly, on behalf of the Board and the Company, I would like to thank Paul for his services. I have known Paul from the time he founded Pureprofile and for him to take the Company from a start-up to listing on the ASX is an immense achievement. He should be proud of what he has accomplished on his Pureprofile journey and we wish him every success in his new ventures.’
‘I am also excited by these new appointments and the team Nic is assembling. Nic is putting in place key infrastructure and support pieces, which will set the business up for long-term growth and expansion. The positive impact he has already had on the Company is visible and Nic and I look forward to speaking with investors on the opportunities that lie ahead for Pureprofile,’ said Edwards.
-ENDS-
