Iress confirms CEO succession
| Stock | Iress Ltd (IRE.ASX) |
|---|---|
| Release Time | 4 Sep 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Iress confirms CEO succession
- Andrew Russell appointed as new Group CEO & Managing Director
- Succeeds Marcus Price, who led the company's strategic transformation
- Russell has over 25 years' experience in financial services and software
Iress Limited (ASX:IRE) has announced the appointment of Andrew Russell as its new Group CEO & Managing Director, effective 17 November 2025. He succeeds Marcus Price, who has been with the company since 2022 and led its strategic transformation. Iress' Chair, Roger Sharp, stated that Marcus Price has delivered a pivotal turnaround project for Iress, sharpening the company's focus, divesting non-core businesses, and restoring the balance sheet. The Board thanked him for his service and wished him the best for the future.The next phase of Iress' strategy will be intensely product and client-focused, and the Board is pleased to have appointed Andrew Russell, an experienced CEO with a proven track record in delivering shareholder value and building trusted relationships with clients, investors, and employees.Andrew Russell has over 25 years' experience in both Australian and international financial services and software companies. In his two most recent executive roles, he led wealth technology providers Bravura Solutions Limited (ASX:BVS) and Class Limited, which was acquired by HUB24 Limited in 2022. At Bravura Solutions, he restored profitability and developed a culture of growth through innovation.Russell will be appointed to the Iress Board when he commences in November and will be based in Sydney, Australia. Marcus Price will step down from the Company on 4 September 2025, with Iress' CEO - Global Trading & Market Data, Geoff Rogers, to be appointed Acting CEO until Russell commences.
Russell stated that he is excited to join Iress at such a pivotal time for the business and the broader wealth technology sector. He sees enormous opportunities to innovate, grow, and deliver greater value in the years ahead and looks forward to joining the Iress team and meeting the company's shareholders, people, and clients.