Hearts and Minds CEO Brett Jollie to step down after half a year
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The news: Listed investment company Hearts and Minds says its recently appointed CEO Brett Jollie will step down, prompting the group to restructure its leadership.
The numbers: Jollie will step down on 30 June. He was appointed to the role in December after former CEO Paul Rayson’s retirement. The group did not disclose any reasons for Jollie’s exit.
The context: The investment company said it will now restructure its leadership and has appointed former Challenger Group CEO Richard Howes as its part-time managing director, effective 1 June.
Hearts and Minds said Jollie had undertaken a comprehensive review of the investment company’s operating model and implemented a system to automate and improve portfolio management, which has given its board the “opportunity to evolve its leadership structure”.
The source: ASX
