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:

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.

SEEK Share Price

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

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 Orora, Select Harvests, Tamboran, and WiseTech shares are sinking today

These shares are under pressure on Thursday. What's going on?

Read more »

A boy with sad eyes pulls the zip over his mouth and nose while doing up a large jacket where the collar stands up at head height.
BNPL shares

Zip shares plunge again after yesterday's 19% surge. Here's what changed

Zip shares tumble as ceasefire hopes fade and volatility returns.

Read more »

a group of business people sit dejectedly around a table, each expressing desolation, sadness and disappointment by holding their head in their hands, casting their gazes down and looking very glum.
Share Fallers

DroneShield shares tumble 17% as CEO exit revives leadership fears

Investors bank gains as DroneShield leadership reset unsettles sentiment...

Read more »

A young man clasps his hand to his head with a pained expression on his face and a laptop in front of him.
Share Fallers

Why Challenger, Lotus Resources, Mesoblast, and Wildcat shares are falling today

These shares are starting the week in the red. But why?

Read more »

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

Why KMD, Tamboran Resources, Whitehaven Coal, and WiseTech Global shares are falling today

These shares are out of form on Thursday. What's going on?

Read more »

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

Why Dateline, Karoon Energy, Lindian, and PEXA shares are falling today

These shares are missing out on the good times on Wednesday. But why?

Read more »

A man slumps crankily over his morning coffee as it pours with rain outside.
Share Fallers

These were the worst-performing ASX 200 shares in March

These shares were out of form in March. Let's see why investors sold them off.

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why 4DMedical, New Hope, Santos, and St George Mining shares are dropping today

These shares are under pressure on Tuesday. But why?

Read more »