Ann Sherry has resigned as chair of Enero, the ASX-listed owner of creative agency BMF.
“Since joining the board in 2020, I have been continually inspired by the passion and the energy of every Enero employee,” she said.
Ian Rowden, currently an independent non-executive director, will succeed her as chair on October 18.
The role of chair at Enero comes with director fees of $150,000 a year. Directors get $100,000.
“I am honoured to take on the role of chair and look forward to continuing to drive innovation across all our brands as we focus on delivering for all our shareholders and stakeholders,” Rowden said.
Rowden has served on the Board since 2018 and chairs the remuneration & nomination committee.
He is also a director of ASX listed companies Reliance Worldwide Corporation and Guzman y Gomez.
CFO Carla Webb-Sear has also resigned to pursue another opportunity, with her departure date to be determined.
CEO Brent Scrimshaw said she has had a significant impact on the company.
“I want to thank Carla for the energy and passion she has bought to the role and we wish her well in her new role,” he said.
Enero posted a 7% rise to $10.3 million in like-for-like net profit for the year to June but reported a statutory loss from writedowns on the value of acquisitions.
Net revenue fell 6.2% to $189.7 million, largely driven by challenging technology and adtech markets.
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