Leadership changes at Quickstep Holdings Ltd

Quickstep Holdings Ltd (ASX:QHL) announced that Mark Burgess, the current CEO and Managing Director, has left the business to pursue other opportunities. His role as a Board Director ceased on 3 October 2024. Demi Stefanova, the current Chief Operating Officer, will take on the role of Interim Chief Executive Officer with immediate effect.

Chair's perspective on the leadership transition

Patrick Largier, Chair of Quickstep, explained that the evolving aerospace market and limited cost-effective options for future growth capital have led to a refinement of the company's strategy. This requires a more operationally focused leadership style and a prioritised approach to new business development, prompting Mark's decision to leave. The Board expressed gratitude for Mark's 7-year contribution and welcomed Demi Stefanova's interim leadership, highlighting her successful restructuring of the Structures business in Bankstown.

Outlook for Quickstep Holdings

Quickstep Holdings has undergone a leadership transition with Demi Stefanova assuming the role of Interim CEO. The company's strategy refinement aims for a more operationally focused leadership style and a prioritised approach to new business development. The Board expressed appreciation for Mark Burgess' contribution and looks forward to Demi Stefanova's leadership. Quickstep's focus on leveraging existing strengths and unlocking untapped potential reflects its commitment to delivering increased value for customers and shareholders. The company will follow a process to appoint a new CEO and Managing Director in due course.