Sol 6 gets new directors; hunt for CEO continues

Solution 6 has appointed three new directors to its Australian board, however, none of them are tipped for the local CEO role.

John Burrows, Neil Gamble and Tom Montgomery joined the non-executive directors' ranks today.

Burrows, a former Arthur Andersen partner, has held various AP postings in the professional accounting and IT consulting industries. He also sits on the boards of Rothschilds Australia Asset Management, Denison Group and The Ready Group.

Gamble, a chartered accountant and former CEO of Star City Holdings Limited, is a board member of numerous Australian telecommunications, internet and software ventures.

Montgomery, Solution 6's chief financial officer, is positioned to provide the board with accounting and financial industries expertise, two key markets for the vendor.

Solution 6 believes the new appointments will offer a "synergy" of strategic senior management experience aimed at maintaining the accounting software, ISP and e-business service giant's top position in the IT services market.

The new set of expertise is also intended to reflect a "global expansion into (non-traditional) geographies and markets" in Europe and the US, a spokeswoman said. Solution 6 has made 13 global acquisitions in the last 18 months.

Brendan Redden will continue as chairman of the board. Bob Stovold, a director since 1995, will retire at the end of June.

Meanwhile, the board is conducting a worldwide executive search for an Australian CEO. A company spokesman would not say if contenders for the top position were local or international, nor would he pinpoint companies or industries the headhunters were targeting. The search would "cover all industries", he said.

Solution 6 would not specify how long acting CEO Lindsay Yelland would remain as interim helmsman, but conceded he was "certainly a contender for the CEO role".

Despite media reports that former CEO Chris Tyler would be associated with the company on a six-month "consultative" basis after departing on May 13, the spokesman said he was not aware of any continuing association.

"(Tyler's) relationship is not an ongoing managerial relationship. He's there to be called on for advice if there is the requirement," said the spokesman. Tyler's departure was "an agreed retirement" between Tyler and management, he added.

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