Kip McGrath CEO Steps Down After 19 Years
Key points
- Storm McGrath steps down as CEO and Managing Director
- Damian Banks appointed as Executive Chair during transition
- Comprehensive search for new CEO underway, expected later in 2025
Full summary
Kip McGrath Education Centres Limited (ASX:KME) has announced that Mr Storm McGrath's term as Chief Executive Officer and Managing Director has come to an end after nineteen years of service. Kip McGrath's Chair, Mr Damian Banks, expressed gratitude on behalf of the Board for Storm's leadership and contributions to the company through periods of growth, restructuring, acquisitions, and rebuilding, including during the COVID-19 pandemic. To provide continuity and ongoing support alongside the management team, Non-Executive Chair Damian Banks will have increased involvement in the business during the transition period and assume the role of Executive Chair. A comprehensive internal and external search for a new CEO has commenced, with a permanent appointment expected later in 2025.
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