Decimal hires second CEO in four months

Decimal hires second CEO in four months

Former Macquarie Bank executive appointed to replace Paul Harapin who left in September

Perth-based software-as-a-service (SaaS) vendor, Decimal Software, has appointed its second chief executive (CEO) in about four months.

Carolyn Colley has been brought in to replace Paul Harapin, who joined the company in June and departed in September.

“I had an opportunity that I couldn’t give up, so I took it,” Harapin told ARN.

While unable to name his new employer, Harapin confirmed he is currently in the final stages of contract negotiations.

In a statement to the ASX on September 12, Decimal executive chairman, Michael Sertorio, said, "Whilst it is unfortunate that it did not work out, we wish Paul the best and respect his desire to pursue an alternative career option."

Sertorio also credited Harapin for leaving the Decimal team in a "great position" to refine its software.

Colley joins Decimal after five years in senior positions with Macquarie Bank. She most recently served as personal banking executive director, before which she was head of strategy and marketing development for Macquarie’s Adviser Services business.

Her career also includes roles with BT Financial Group, where she led development and the launch of its Wrap product, and St George Bank where she was chief operations officer (COO) of wealth management.

Sertorio said Colley’s understanding of the financial services market will bring significant and immediate value to the vendor by accelerating its market strategy and product development.

Colley's employment commences on November 17.

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Tags VMwaresoftwareCEOvendorappointmentpaul harapinsoftware-as-a-serviceVCEchief executive officerDecimal SoftwareCarolyn Colley

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