Pacific Smiles appoints Gary Carroll as CEO
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The news: Pacific Smiles Group has appointed Gary Carroll as its managing director and chief executive, succeeding Andrew Vidler.
The context: Carroll, who started today, was most recently CEO of MindChamps and from 2017 to 2022 served as CEO of G8 Education.
Vidler resigned in September after eight months in the role and will assist Carroll for the next two weeks to ensure a smooth transition.
The company has experienced leadership volatility in recent months. Chief financial officer Matthew Cordingley resigned a week before Vidler but will remain in the role until 28 February. In the interim, the company’s head of finance will step in as acting CFO.
Pacific Smiles also saw a boost in September following a revised takeover offer from long-term suitor Genesis Capital. This came a month after shareholders blocked a proposed acquisition by rival suitor NDC Bidco.
However, the board has recommended shareholders reject Genesis Capital’s takeover offer.
What they said: Pacific Smiles chair Giselle Collins said: “He [Carroll] has a track record of bringing strategic discipline and accountability to consumer-facing network businesses such as Pacific Smiles, whilst achieving efficiencies from scale and driving growth.
“His experience will be invaluable as we work to deliver on the next stage of network optimisation and growth for Pacific Smiles, and the board is looking forward to working with him to unlock the full potential of the group.”
The source: ASX announcement
