ISS Group appoints Pang as new CEO

Third CEO for the year for resource sector software provider as Tony Hanavan resigns

Resources sector software provider, ISS Group, has given the nod to Richard Pang as its new chief executive officer, its third leader this year.

Former CEO, Tony Hanavan, who held the role for less than seven months has left the company.

Pang will officially start in the role on August 9 and will present his strategy to the board in the next couple of weeks.

In an announcement to the ASX, the company (ASX:ISS) said Pang had begun his journey with ISS Group in 2002 as a product developer and spent the past five years in Singapore building up the operation.

Meanwhile, Australian operations manager, Jeremy Smith will move to Singapore after 10 years in the role.

“The board is confident the appointment of Richard [Pang] to the CEO position will further demonstrate our commitment to the Asia region and will produce further tangible sales results for the ISS Group moving forward,” the statement said.

In February, the company flagged a management reshuffle in an effort to better handle growth after five years of continued expansion at the operational management software company.

Under the reshuffle, the organisation split the roles of managing director and CEO into two distinct positions, with ISS Group founder, managing director and CEO, Shane Attwell relinquishing the position of CEO to Hanavan.

At the end of July ISS Group said it was expecting full year profit to be up 242 per cent on the previous year to hit $4.26 million despite subdued demand for IT services in the resources sector.

“Despite the tough environment created by the GFC and the proposed resources ‘Super Tax’, the Australian branch is starting to see an increase in activity in all areas,” a statement to the ASX said. “Existing customers are generating improved demand as they look at upgrading, or expanding their use of the Group’s products. The branch has delivered an increase in both revenue and profit for the year.”

The company also has significant operations in Asia, the Americas and Europe.

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