Co-founder and chief executive officer (CEO) of Pipe Networks Bevan Slattery has resigned his post.
In a statement to the ASX today, Pipe Networks announced that a mutual decision between Slattery and the company saw him released from his employment contract.
Jason Sinclair, Pipe Networks' chief operating officer, has stepped into the breach, managing the company's day-to-day operations.
Sinclair sang Slattery's praises in a statement to the ASX today.
"Bevan's performance and dedication has been exceptional during his eight years as CEO. He has had a long commitment with Pipe and it is understandable that he wants to spend time pursuing other projects," Sinclair said.
TPG's executive chairman, David Teoh, said that Pipe's strong management structure paved the way for Slattery to resign from his position "earlier than expected".
"Bevan expressed his desire to move on during the middle of the year, and given the success of the integration we agreed to release him from his contract early," Teoh said.
According to the announcement, Slattery's resignation took effect as of 30 September.