IPH shares slide more than 6% after CFO John Wadley resigns
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More news: IPH shares dropped by more than 6% after the patent and trademark firm announced that its longtime chief financial officer John Wadley will leave the company in June.
IPH shares were down 6.4% to $4.40 at 12:30pm AEDT, having retreated by around 30% over the last 12 months.
IPH CFO John Wadley to step down
The news: Intellectual property services group IPH’s chief financial officer John Wadley has resigned to pursue other opportunities.
The numbers: Wadley will continue in his role until 30 June. He joined the company as CFO in 2016.
The context: IPH said it has engaged an executive search firm to find a replacement and will make an announcement in due course.
“John has made a significant and important contribution in leading our finance function over the past nine years. That includes the successful acquisition and integration of IP firms in Australia, New Zealand and Canada which has positioned IPH as a global leader in secondary IP markets,” CEO Andrew Blattman said.
The source: ASX
