Founder and major shareholder of Australian IT management services company, DWS, Danny Wallis, has retired as chief executive officer (CEO) to serve as non-executive chairman.
The move occurs as Harvey Parker leaves his role as company chairman following seven and a half years in the position.
In Wallis' departure, Lachlan Armstrong has been appointed to take over as CEO and managing director.
Commenting on the appointment, Armstrong said the management team has identified "several high growth sectors within the IT services industry" and will focus on these moving forward.
Armstrong joined DWS in early 2005 as national commercial manager where he led the team that listed DWS on the ASX in 2006. He was later promoted to chief financial officer (CFO) and company secretary.
As a result of the promotion, Armstrong's former roles will be filled by James Hatherley who came to the company in November as finance strategy director.
Hatherley brings to DWS experience from several senior finance and mangement roles. He has worked for Australian Air Express as CFO and company secretary, and AWB as deputy and acting CFO. He was also a partner at Ernst and Young's mergers and acquisitions division.