Webcentral announces key hire as leading executive John Stevens joins the management team
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Special Report: Digital services provider Webcentral (ASX:WCG) has appointed a new Chief Operating Officer.
John Stevens will start with the company in October and will be responsible for achieving ongoing business improvements across the operational and service structures of the business.
Stevens’ appointment comes at an important time for the company, Managing Director Joe Demase said.
Webcentral’s shares are up nearly 400% in the past 12 months, and the catalyst has been the tie up with 5G Networks (ASX:5GN) which will eventually result in a merged entity.
The combined group is expected to create significant synergies – the group will deliver $2m in costs from consolidation of their operating platforms and increased revenue which is projected to lift earnings by 20%.
Demase says this role will be pivotal to the company’s ongoing success in light of the current transformation program.
Stevens also has the skill set to assist the management team in future acquisition opportunities, including due diligence and integration programs.
“John is a very committed and effective executive, who employs an authentic leadership style that creates a positive and focused working environment,” Demase said.
“His approach has helped him build an extensive career, with a reputation for delivering significant business results.
“Having worked together previously at Uecomm, we are very excited to welcome him to our executive team where he will share his industry experience and deliver the ongoing service improvements for our company.”
Stevens said he was excited about joining the Webcentral.
“I am very much looking forward to helping the company reach what I see as enormous potential,” he said.
This article was developed in collaboration with Webcentral, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.