Australia
Jumbo announces CFO transition
Jumbo Interactive Limited announced that David Todd, the Company’s Chief Financial Officer (CFO) has advised the Board of his intention to resign due to unforeseen personal health reasons. David has been CFO of Jumbo for 16 years and will continue in the CFO role until a suitable replacement is appointed.
A comprehensive recruitment process is currently underway and will consider both internal and external candidates with the Board expecting to be in a position to announce the new CFO in the second quarter of FY24. Following the commencement of a new CFO, David will remain employed by Jumbo in an advisory capacity for as long as required to ensure a smooth transition to the new CFO.
Jumbo CEO and Founder Mike Veverka said “David has made an enormous contribution to Jumbo’s success over the past 16 years. He has played an integral role not only as CFO, but also as a valued member of the KMP, and the Jumbo family. His invaluable insights, incomparable work ethic, and unwavering commitment to the team are an inspiration to all of us. The Board, management team and all our people within Australia, Canada and the UK wish him and his family the very best for the future.”
“Dave continues to be supported by a high performing and experienced team, with key members of the finance leadership team having been in their roles for over 15 years. In true Dave-fashion, he has agreed to assist us to make sure the transition to the new CFO is as seamless as possible.”
Jumbo will deliver its full year 2023 result on 25 August 2023.