Agree with the above comments. I stated Tim K would be a very welcome change when they announced him as the new CEO. He has completely overhauled the direction of the company in my opinion, utilizing the very fundamental core products for an expanded outlook and aggressive growth outlined through his 3 pillars. It seems the change is definitely underway in terms of the team. Leadership is one, with some directors resigning (seemingly with the old CEO) and new ones coming aboard. Staff is another, with over 35+ new hires in the last 8 months (and more coming from what I have been tracking). The new directors and key management appear to be very much qualified individuals and Tim is definitely leveraging of his very wide circle of friends from his previous endeavours to acquire them. Some big positions and names include
- Chief strategy officer - Cheryl McCallagh
- Head of International Strategy and BD - Alex Kafetz
- Head of Sales -?
- Head of Data science -?
- Head of Health information - Nicole Payne
- Head of Marketing -?
- and most recently, Mark Britnell in the GIC Chair.
From my assessment, the other new hires have mainly been around Australia at this stage, namely Sydney. Positions that suggest wanting to strengthening existing customer connections and perhaps introducing them to other products BMT have to offer (customer support analyst, customer success specialist, chief customer officer, 3 state sales managers) and definitely a lot of software/data analysis positions (data specialist, platform engineers, data and software engineers, business analyst, application specialist plus more).
Furthermore, they onboarded 2 people and culture (human resources) coordinators early on as well as a 'talent acquisition specialist' which I thought was very interesting to, I assume, help with all these hires and lay out the groundwork going forward.
Overall, seems like there is a lot of behind the scenes movement happening to propel explosive growth in these next few years. Perhaps laying the foundations to be a huge global player in the digital health/AI/software space. Exciting.
Is there another acquisition to be announced on Tuesday or is the Ainsoff acquisition the one described in the trading halt?
(20min delay)