Kina Securities leadership transition

Kina Securities (ASX:KSL) has announced the appointment of Ivan Vidovich as the Acting Managing Director and Chief Executive Officer. He will succeed Greg Pawson, who is stepping down after seven years in the role. Vidovich's appointment is effective January 1, 2025, pending regulatory approval, with Pawson remaining as an advisor until July 2, 2025, to ensure a smooth transition.

Overview of Kina Securities' strategic leadership change

Kina Securities has announced a leadership change, appointing Ivan Vidovich as the Acting Managing Director and CEO, succeeding Greg Pawson. Vidovich, who has been with the company since 2019 as Chief Transformation Officer, will officially assume his new role on January 1, 2025. The Board is confident in Vidovich's capacity to maintain organic growth and innovate the business model, given his extensive experience in financial services and digital transformation. Greg Pawson will remain in an advisory capacity until mid-2025 to ensure a seamless transition. Vidovich's appointment comes with a fixed remuneration of $700,000, along with performance-based incentives. Kina Securities aims to leverage Vidovich's expertise to continue its growth trajectory as a leading financial institution in Papua New Guinea.

Executive commentary on leadership change

The Board conducted an international search for the new MD & CEO and is confident in Vidovich’s ability to sustain organic growth and drive business model innovation. His knowledge of Kina and its stakeholders, alongside his experience in digital innovation, positions him as the right fit for the role.