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McMillan Shakespeare Limited (ASX:MMS) has announced Mike Salisbury will take the reins as the company’s new CEO from October 1, 2014.
The finance company says the appointment comes after its outgoing CEO and Managing Director Michael Kay announced his retirement.
Mr Kay joined McMillan Shakespeare in 2008 and will leave the company at the end of September 2014.
Mr Salisbury also joined McMillan Shakespeare in 2008 and has worked as the company’s Managing Director of RemServ based in Brisbane.
McMillan Shakespeare says its new CEO will receive an annual pay pack of $700,000 and be issued with $840,000 of share options.
McMillan Shakespeare reported a net profit of $19.3 million in the first half of the 2014 financial year.
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