Bapcor lands new interim CFO

Bapcor, the ASX-listed parent of automotive retailers like Autobarn and Midas, has appointed George Saoud as its interim chief financial officer.

Saoud will kick off his new acting CFO role mid-March while the company continues its search for an official replacement [pdf].

In the role, Saoud takes over from Stefan Camphausen who announced his resignation earlier this past January.

The new position will see Saoud be responsible for the financial health of Bapcor and report into the CEO.

Under the handover arrangement, Camphausen will officially leave the role mid-April.

Bapcor’s Interim chief executive officer and managing director Mark Bernhard said, “Bapcor is pleased with George’s appointment as interim CFO.

“George is an experienced executive, leading finance teams through periods of transformation, change and growth.

“His most recent positions as chief executive officer of emerging businesses at Coles Group, and prior to that as chief financial officer of Fantastic Holdings and Delfin Lend Lease will serve him well in contributing to the success of Bapcor,” Bernhard said.

While Bernhard fulfils the acting CEO spot, Bapcor also landed a new CEO and managing director as Paul Dumbrell is set to take over from Noel Meehan.

Dumbrell steps over from Total Tools where he was the CEO for over five years and will officially kick off his new position on May 1.

While the business has made a few changes already this year, it's understood no other changes are set to be made.