Bravura names third CEO in three years

Bravura decides to make interim chief executive permanent.

Monday, July 31st 2023, 1:59PM

Bravura Solutions has appointed Andrew Russell as its new group chief executive and managing director.

Russell has been interim CEO since June while the board undertook a global external executive search for a permanent CEO.

Libby Roy departed in June after just 10 months in the role. She had replaced Andrew Parsons, who had held the CEO role since September 2021. Prior to that, Tony Klim held the role for 13 years.

Bravura chairman Matthew Quinn said “we are very pleased that Andrew has agreed to become CEO of Bravura. Following an extensive search process, it is clear to the board that Andrew is the best candidate for the role and he has already demonstrated great leadership whilst acting as Interim CEO."

"We are confident that Bravura has a very bright future.”

Russell said Bravura has very strong foundations as a leading technology business. "We can now build on this, put the recent disruption and uncertainty behind us and focus all our energy on delivering great service to our customers and rebuilding value for our shareholders.”

Russell has 20 years of experience in the finance and technology industries. Formerly CEO and managing director of ASX-listed SaaS technology firm, Class Limited, he led the business through a change strategy which included acquiring and integrating four companies in less than two years. Prior to that, he was founding executive director and executive general manager, Financial Services, REA Group.

He replaces Libby Roy who stepped down as CEO and Managing Director on 19 June 2023.

Tags: Bravura