RMA Global CEO resignation announcement

RMA Global Limited (ASX: $RMY) has announced the immediate resignation of its Chief Executive Officer, Mr. Michael Davey, who served for over five and a half years with the business, including over three and a half years as CEO. The board has initiated the search for a new leader to drive the company's future growth. In the interim, non-executive Directors Ashley Farrugia and Shane Greenan will take on interim leadership roles to facilitate a smooth transition.

Chairman's perspective on the transition

Chairman David Williams expressed gratitude for Mr. Davey's contributions over the past five and a half years and conveyed best wishes for his future endeavors. He also highlighted the company's geographical expansion, positive growth, and establishment in the US and NZ markets during Mr. Davey's tenure. Mr. Williams expressed optimism about the upcoming year, emphasizing the intention to capitalize on the substantial number of agents on the company's platform and the forthcoming articulation of their plans.

Summary of RMA Global CEO resignation

RMA Global (ASX: $RMY) has announced the resignation of CEO, Mr. Michael Davey, and the commencement of the search for a new leader. Interim leadership will be assumed by non-executive Directors Ashley Farrugia and Shane Greenan. Mr. Farrugia, a board member since September 2023, will serve as Interim CEO, while Mr. Greenan, who joined the Board in December 2023, will take on the role of Interim Chief Operating Officer. Chairman David Williams expressed gratitude for Mr. Davey's contributions and conveyed optimism about the company's future, emphasizing the intention to capitalize on the substantial number of agents on the company's platform and the forthcoming articulation of their plans.