Bravura appoints group CEO
Bravura Solutions has announced that Andrew Russell has been appointed as group chief executive and managing director effective immediately.
In the announcement to the Australian Securities Exchange (ASX), the firm said that Russell has been interim CEO since 19 June 2023 while the board undertook a global external executive search for a permanent CEO.
Bravura chairman, Matthew Quinn, said that following an extensive search process, it was clear to the board that Russell was the best candidate for the role and he has already demonstrated great leadership whilst acting as interim CEO.
“We are confident that Bravura has a very bright future with Andrew as CEO”, he said.
According to the announcement, his new contract will be open ended, with six months of period of notice and a total fixed renumeration of $750,000.
The Short Term Incentive Plan (STIP) will be 33% ($250,000 based on commencing TFR) and Long Term Incentive Plan (LTIP) will include a one-off grant of 2.5 million options.
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