Managed Accounts Holdings has announced former Pillar Administration chief executive officer, Peter Brook, would step up as its new non-executive chair, replacing Don Sharp.
Brook joined the Managed Accounts board in April last year after a 40-year career in executive and director roles at Pillar, StatePlus, Alinta Energy, Challenger Financial Services Group, MLC and Grant Thornton.
The announcement follows Sharp’s announcement to step down from the role, citing increased executive responsibilities as a result of taking on the role of interim chief financial officer until a replacement for former CFO, Mark Pozzi, is found.
In an announcement to the Australian Securities Exchange, the firm said Sharp’s remuneration would be temporarily increased to $240,000 per annum (plus superannuation) during the period he performs the duties of CFO. The salary was equivalent to what is currently being offered to a replacement CFO, and included his remuneration as executive director.