SEEK (ASX:SEK) share price on watch after naming its new CFO

The SEEK Limited (ASX:SEK) share price will be one to watch on Thursday after announcing the appointment of its new CFO…

| More on:
SEEK Share Price

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The SEEK Limited (ASX: SEK) share price will be one to watch on Thursday.

This follows the announcement of further leadership changes in the c-suite this morning.

What did SEEK announce?

Hot on the heels of the appointment of Ian Narev as the company's next Chief Executive Officer, the company has found its new Chief Financial Officer.

According to the release, SEEK has appointed Kate Koch as its new Chief Financial Officer. She will replace the outgoing Geoff Roberts when he retires at the end of June. Mr Roberts' retirement was previously announced to the market in January.

Koch will join the SEEK Executive Team on 10 June 2021, reporting to Ian Narev.

SEEK's new Chief Financial Officer

The release explains that Koch is currently the Chief Financial Officer of RMIT University, having held that role since 2017.

Prior to that, she had broad international experience as a senior finance executive in the retail, publishing, and media industries. This includes time as the Group Head of Finance & Performance at UK supermarket giant Tesco and also as the Chief Financial Officer of the Financial Times Group.

SEEK's incoming CEO, Ian Narev, who is replacing the outgoing Andrew Bassat on 1 July, was very pleased with the appointment.

Mr Narev commented: "Kate has experience across multiple industries, geographies, and finance roles. She understands how to lead large finance teams in multinational businesses that operate in highly competitive markets."

"Through this range of roles, she has distinguished herself as a caring and values-driven leader, who builds diverse, high-performing teams. She has been attracted by SEEK's purpose and values, and by its growth potential. We feel very fortunate that she has chosen to join SEEK, to lead the committed and talented team that Geoff Roberts has developed," he concluded.

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia has recommended SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why Charter Hall Retail, DroneShield, FBR, and St Barbara shares are tumbling today

These shares are having a tough time on Tuesday. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why EML, GQG Partners, IGO, and Integrated Research shares are sinking today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of…

Read more »

A woman with short brown hair and wearing a yellow top looks at the camera with a puzzled and shocked look on her face as the Westpac share price goes down for no reason today
Share Fallers

Why Bellevue Gold, Mesoblast, Pilbara Minerals, and Wesfarmers shares are dropping today

These shares are ending the week deep in the red. What's going on?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why AGL, CBA, Deep Yellow, and Megaport shares are sinking today

These shares are falling more than most today. What's going on?

Read more »

A wide-eyed man peers out from a small gap in his black zipped jumper conveying fear over the weak Zip share price
BNPL shares

Why did the Zip share price just crash 9%?

Investors seem to be singling Zip out for punishment today...

Read more »

a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
Share Fallers

Why Capricorn Metals, Insignia, Sayona Mining, and Southern Cross Gold shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why Data#3, Elders, Karoon Energy, and Tyro shares are falling today

These shares are having a tough session on Tuesday. But why?

Read more »

A man in a suit looks sad as oil is spilled from a barrel.
Energy Shares

This $1 billion ASX 200 energy stock is diving 7%! Here's why

This ASX energy company is taking a beating on Tuesday. But why?

Read more »