Amaysim CEO Julian Ogrin departs
- 26 June, 2018 10:45
Amaysim Australia has announced CEO and managing director Julian Ogrin will be leaving the company, effective 1 July.
Ogrin, who joined the publicly-listed telecommunications provider in 2013, will take an executive position in the newly merged Foxtel and Fox Sports, and will be replaced in the hot seat by Amaysim's co-founder, Peter O’Connell.
Ogrin has been company CEO since 2015, prior to the provider's public listing on the Australian Securities Exchange (ASX).
“It has been a privilege to lead Amaysim during a pivotal period as we transformed from a private to a publicly listed company and embarked on a diversification strategy," Ogrin said. "I’m proud that, despite the changes in our business and industries in which we operate, we have kept true to our values as a challenger brand focused on delivering an exceptional customer experience.
"I have great confidence in Peter and Amaysim’s highly skilled management team and look forward to celebrating their success from the sidelines as a shareholder and keen supporter of the company, its people and its strategy," he added.
O’Connell was the company’s chairman from inception until June 2015 and has remained involved with the company as a non-executive director from June 2015 until now.
"The appointment of Peter to CEO comes after consideration of the company’s strategic plans as well as the skills, experience and attributes we believe are necessary to carve out a strong future for Amaysim in an increasingly competitive market, drive profitable growth across the group and build shareholder value," Amaysim chairman Andrew Reitzer said.
Amaysim expects to close the 2018 financial year with underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of between $45 and $48 million.
In February, Amaysim posted a $2.4 million net loss after tax (NPAT) for the six months ending December 2017, a 128.6 per cent year-on-year tumble from the profit it posted for the same period the previous year.
The statutory loss was mainly driven by investments made by the company to drive future business growth, including new product launches, investment into new verticals and integration costs incurred post the acquisition of Click Energy.