Mota to step down as Insignia CEO
Insignia Financial has announced that chief executive, Renato Mota, will be stepping down in February, next year.
The company announced to the Australian Securities Exchange (ASX) that Mota would be stepping down by mutual agreement.
Mota said that he believed it was the right time to step down from the role, having been chief executive for the past five years and with the company for 20.
“Having established a clear path for the next three years, I feel this is the right inflection point to provide the business with fresh perspective to continue the journey,” he said.
“To have created an industry leader and purpose-led culture, driven by an ambition to improve the financial wellbeing of all Australians, is something I’ll always be proud of. I know I will leave behind an incredibly talented and passionate team who will continue to build the organisation for the benefit of all stakeholders.
“I thank all of our people for their friendship and support, and wish them all the very best.”
The company has not yet named a successor.
Mota was responsible for overseeing Insignia’s major transformation and acquisition of businesses from ANZ and MLC Wealth.
Too little too late … they will dismiss you like your nothing!!
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That might rattle a few cages.