Clime Investment Management's new Acting Managing Director

Clime Investment Management Limited (ASX: $CIW) has announced the appointment of Michael Baragwanath as the Company's Acting Managing Director, effective immediately. With the resignation of the CEO from 31 July 2024, the business aims to ensure a smooth transition and stability. Mr. Baragwanath, who was appointed as a Director from 1 July 2024, brings over 18 years of financial services experience to his new role.

Executive Commentary on the Appointment

Mr. Baragwanath's appointment as the Acting Managing Director reflects the company's commitment to maintaining operational continuity and stability during this transitional period. His extensive experience in financial services, including senior executive and consultant roles, makes him well-suited to lead the company through this phase. We are confident in his ability to contribute significantly to Clime's future success.

Summary of Clime Investment Management's Announcement

Clime Investment Management Limited (ASX: $CIW) has appointed Michael Baragwanath as the Acting Managing Director, effective immediately. The company aims to ensure a smooth and stable transition following the resignation of the CEO. Mr. Baragwanath's extensive financial services experience positions him well to lead the company during this period. The announcement outlines the material terms of his remuneration package and indicates that a permanent contract will be negotiated, including appropriate probation periods and incentives. The appointment reflects the company's commitment to maintaining operational continuity and stability. Clime Investment Management looks forward to Mr. Baragwanath's contributions to its future success.