After 16 years with MYOB including 12 years as CEO, Tim Reed has decided to step down and will transition his responsibilities to new CEO Mr Greg Ellis who will commence in the role on 16 September 2019. Tim Reed will assume the role of advisor and continue to support MYOB’s business strategy.
Tim Reed said: “MYOB is a great business with a fantastic team and serving as CEO for the past 12 years has been an absolute privilege. In that time, we’ve transformed from being a provider of desktop solutions to a leading online subscription business and our Connected Practice strategy defines a new era for our industry. MYOB is now at an inflection point, meaning it is the right moment for me to step down in order to let the next CEO own and drive the transformation project forward. I remain a committed investor and look forward to seeing the business reach new heights in the years ahead.”
ICB would like to publicly congratulate Tim on his tenure at MYOB and wish him well for the future. We’d also like to take this opportunity to congratulate Mr Greg Ellis on his new appointment and wish him every success in leading MYOB into it’s next phase of growth.
Click here to see MYOB's announcement.