Bravura CEO, Andrew Russell, resigns

Publicly-listed financial services software provider, Bravura, has initiated a search for a new chief executive following the resignation of incumbent group chief executive, Andrew Russell.

Russell, who led a comprehensive turnaround of the business beginning in 2023, was announced yesterday as having decided to step down as Group CEO and Managing Director.

Russell is quoted in an announcement to the Australian Securities Exchange as saying that the time is right for him to leave.

“I joined Bravura at a very challenging and critical time requiring difficult decisions to be made and fast action to be taken to restore profitability and restructure company, whilst at the same time improving engagement with our customers and employees,” he said. “I am proud to have led Bravura through his period and to see the company achieve such a significant turnaround.”

“Bravura is now well positioned to build on the strong foundation we have created and I believe it is the right time to step aside an allow the board to find a successor who can capitalise on this position and continue the positive trajectory.’

Bravura chair, Matthew Quinn said the company would commence a comprehensive international search for its next CEO but that, in the meantime, it had appointed non-executive director, Shezad Okhai, to the role effective today, noting that Okhai would not be considered for permanent appointment.