The chief financial officer brought in to replace new CEO David Buckingham has left after one week in the job, ZDNet can reveal.
In February, iiNet announced that Michael Howard, who was the CFO of Officeworks, would step into the CFO role at iiNet, which was made vacant when Buckingham was appointed CEO.
Howard started his job at iiNet on March 2, but ZDNet was tipped off last week that Howard had left, and the company has today confirmed that Howard has returned to his position at Officeworks.
No reason was given for Howard's departure. At the time of writing, Howard's profile still appears on the iiNet executive team page.
It comes as last week, TPG announced its intention to acquire iiNet in a deal worth AU$1.4 billion.
The deal will need regulatory approval, but TPG has flagged it hopes the deal will be in place by the middle of this year.