Mincom's Mathews to lead eServGlobal
Australian telco software specialist eServGlobal has appointed former Mincom chief executive Richard Mathews and his deputy Craig Halliday to lead its operation.
Mathews and new chief operating officer Halliday were also CEO and COO respectively at mining software firm Mincom before it was bought in 2007 by US-based private equity firm Francisco Partners.
eServGlobal chairman Ian Buddery pointed to the pair's performance at Mincom, saying that over the three years before it was bought by Francisco partners, they had increased the share price by 250 per cent.
eServGlobal's current CEO Laurent Lafarge will be leaving the company on 17 July. It was a mutual decision that he leave, according to Buddery, who said that both knew the arrangement wasn't working well. It was the same situation for the former COO, Frenchman Gerard Lemoing, who had already left around a month ago, Buddery said.
Buddery was optimistic about the new management. "We are reverting to an Australian senior management team," he told ZDNet.com.au. "We think this will get us a crisper execution and stronger growth."
The new executives have already decided to invest in their new company, purchasing around 24 million shares. The money raised would go to restructuring and new product development.
The company recently announced that its headcount would be cut by 13 per cent from December last year to this month.