Friday, 27 September 2013 – Sydney – Global automotive industry IT developer, Infomedia Ltd (ASX:IFM) (Infomedia) announced today the appointment of Andrew Pattinson as Chief Executive Officer of the Company (CEO). This follows the recent announcement that Executive Chairman Richard Graham would step down from his executive duties and move to the role of Non-Executive Chairman.
Mr Pattinson is a 25-year veteran of the firm, having held several senior positions including director of the Company between the period of October 2001 and October 2004. He joined the fledgling Infomedia organisation as COO in 1994, and in 2000 became General Manager of the Company’s first corporate acquisition, Melbourne-based Datateck Publishing Pty Ltd, where he orchestrated the successful business integration and oversaw its evolution to become the Company’s second development centre and the eventual home of Superservice Menus.
In 2004 Mr Pattinson established and became managing director of Infomedia’s UK based European subsidiary. He created both structure and goodwill for the Company and its products in its largest market. He returned to Australia in 2009 as director of the Company’s Global Solutions and Systems division.
“Andrew has been instrumental in building the Company’s success both externally with our customers and internally amongst our teams,” Executive Chairman, Richard Graham said. “Andrew and I have worked collaboratively for 25 years and I have complete confidence that he will continue the course of growth and innovation to which the Company has returned.”
Infomedia Director, Fran Hernon, said that after considering all options it became apparent that promoting Mr Pattinson to the position of CEO was in the best interest of the business and its shareholders. “Over the past three years it has taken a real team effort to return the Company to its current position of strength and opportunity,” Ms Hernon said. “Within that team, Andrew’s leadership and capability were crucial success factors.”
Mr Pattinson said: “I feel honoured to be entrusted with our Company’s future, and I’m committed to establishing Infomedia as the leading supplier in its field. I am grateful for the remarkably talented team of people we have at the Company, in all areas of the business. For them, for our shareholders and most importantly for the markets that we serve with our mission critical and competitive advantage products, we will continue to build our great Company on my watch.”
Mr Pattinson assumes the CEO role effective immediately and has been appointed as an Executive Director to the Board. The key terms and conditions of Mr Pattinson’s Executive Agreement are outlined in Annexure A to this announcement as required by Listing Rule 3.16.
Mr Graham will continue to lead the Board as Non-Executive Chairman.
