Announcement
GENERAL: EVO: Resignation of CFO
08:31am
EVO
18/11/2019 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS Evolve Education Group Limited
GENERAL: EVO: Resignation of CFO
The Board of Evolve Education Group Limited (EVO) wishes to inform the market
that Stephen Davies, CFO, has advised of his decision to leave EVO after
three years with the company to pursue other opportunities.
During his tenure Stephen worked closely with the CEO and Board. The Board
thanks Stephen for the role Stephen played in leading the Finance, support
and other functions as well as his role in supporting the strategic direction
of the company. The Board wishes Stephen all the best for the future.
The Board will now conduct a search for an experienced replacement CFO.
In the interim and effective immediately, Chris Sacre (current EVO Board
member) will become Evolve CFO. Chris is a highly respected and experienced
child care industry expert and CFO. Chris was CFO at Early Learning Services
Limited (ASX:ELY) from 2007 to 2009 and G8 Education Limited (ASX:GEM)
between 2010 and 2014. During that time Chris was instrumental to the growth
of G8 Education with over 400 childcare acquisitions, raising over $500
million in capital and increasing market capitalisation from $4 million to
$1.3 billion.
Chris has been an Executive Director at EVO since 1 December 2018 and has
been deeply involved in all financial and strategic aspects of EVO for the
past 12 months. Coupled with his long industry background Chris is well
placed to perform this role until the Board appoints a replacement CFO.
Chris Scott
Managing Director
Further Info: Chris Scott MD
End CA:00344407 For:EVO Type:GENERAL Time:2019-11-18 08:31:02
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