CV Check Ltd (ASX:CV1) has thanked CEO and executive director, Rod Sherwood, for his 10 years of service to the company after it was advised of his resignation.
In a statement, the company said he had resigned for personal reasons and “has stood down from regular duties”.
Independent chair Ivan Gustavino will act as executive chair whilst the company undertakes a widespread search for a CEO to take it on the next stage of its journey.
“Great thanks and best wishes”
Gustavino said: “Rod has served the company for almost 10 years, putting a great deal of energy and effort into steering the company to an ideal position for future growth.
"He departs with the great thanks and best wishes of all in the company.
"The board is confident it has the management structure and organisational resilience to continue our record of organic growth whilst the board recruits a new CEO.”
“In ideal shape”
Outgoing CEO Sherwood said: “I am immensely proud to have led the company over the past four and a half years.
"Having just completed the Bright transaction, the company is now in ideal shape, with record revenues, primed for growth with exciting new opportunities available and $14.8 million in cash as at the end of March.
"The next few months will offer the CV1 group a time for an inward focus as the CV Check and Bright businesses get to know each other and successfully integrate and align.
"This is a time for change and renewal, which affords the ideal opportunity for me to step away from the business and allow CV1 group time to search for a new CEO who will lead it into the promising future I know lies ahead.
"I will, of course, be available to assist the company through the transition, if required.”
Record revenue
During the March quarter, CV Check notched up record revenue of $4.2 million, up 26% on PCP, with a record month of $1.65 million in revenue booked in March.
There was also a record $11.1 million in ARR booked for the 12 months ended March 31, 2021.