iTnews

CSG boss Julie-Ann Kerin out after seven years

By Brendon Foye on Mar 15, 2019 12:10PM
CSG boss Julie-Ann Kerin out after seven years

As company undertakes transformation project.

CSG chief executive and managing director Julie-Ann Kerin has stepped down from her role after seven years leading the company.

She will be replaced by chairman and executive director Mark Bayliss as acting CEO until CSG’s board finds a permanent leader.

The company said in an ASX notice on Thursday that CSG’s directors had decided a leadership change was required in order to implement its strategic transformation program and growth strategy dubbed “CSG 2021.”

The company has struggled with its transformation program after making the decision to transition from a managed print specialist to an end-to-end IT provider four years ago. Last year, CSG announced it would exit its enterprise IT business after it continued to drag down earnings, resulting in net losses tripling to $150 million in FY18.

Earlier this year, CSG announced that it would restructure its SME and enterprise segments into four solutions-based practices: print, technology, finance and other. That strategy appeared to be paying off, with CSG reporting net profit growth of 74 percent to $3.3 million in the first half of FY19, though revenue was down six percent to $109.9 million.

Kerin took on the CEO role in 2012 after four years of working for the company. Prior to that, she was group general manager of the former technology solutions division.

In May last year, IBAC brought criminal charges against Kerin in relation to the failed Ultranet project from 2011. CSG and Kerin denied those charges.

CSG’s newly appointed chairman Bernie Campbell thanks Kerin for her service to the company.

“Significant efforts have been made to revitalise the company’s culture and strategy, and position the business for sustainable growth. Our strategic transformation program is not over yet, and we still have a lot to do in 2019.

“Today’s change in CEO & managing director is the next step in this process. I would like to thank Julie-Ann for the hard work and commitment she has given CSG during her time here, and wish her all the very best in her future endeavours.”

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © CRN Australia. All rights reserved.
Tags:
cloud csg ibac julieann kerin mark bayliss networking strategy
By Brendon Foye
Mar 15 2019
12:10PM
0 Comments

Related Articles

  • Amazon secures top Champions League rights for Germany
  • Amazon lawsuit blames Trump for loss of Pentagon cloud contract
  • Labour group accuses Google of illegally firing workers to stifle unionism
  • Singular CEO means simpler business for Alphabet
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

ATO moves to break up $1bn Optus megadeal

ATO moves to break up $1bn Optus megadeal

Inside Infosys' complex Centrelink payments calculator overhaul

Inside Infosys' complex Centrelink payments calculator overhaul

Google co-founders step aside as Pichai takes helm of parent Alphabet

Google co-founders step aside as Pichai takes helm of parent Alphabet

CBA slammed by RBA for stalling New Payments Platform

CBA slammed by RBA for stalling New Payments Platform

You must be a registered member of iTnews to post a comment.
Log In | Register

Whitepapers from our sponsors

Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here
Is your AWS framework well-architected?
Is your AWS framework well-architected?
Why you should  reassess your cybersecurity posture
Why you should reassess your cybersecurity posture
How will you manage the cloud data deluge?
How will you manage the cloud data deluge?

Events

  • Gartner Data & Analytics Summit
  • 2nd Data Governance & Management Summit Melbourne
  • 3rd Intelligent Automation Sydney Summit
  • Technology Risk Management Summit 2020
  • 7th University IT Service Strategy & Challenges
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.