Australia-based job search site AD1 Holdings (AD1:AU), announced that managing director and CEO Prashant Chandra has tendered his resignation effective today. Chandra has also submitted his resignation as joint Company Secretary effective today.

The Board of AD1 Holdings has appointed Brendan Kavenagh as the successor to the role of managing director and CEO effective immediately.

Chandra will remain with the business during his six-month notice period to facilitate a seamless transition to Kavenagh.

Kavenagh has been working with the business for more than three months and was bought in to enhance focus on sales, marketing and customer retention.  Kavenagh has over 20 years in executive leadership roles within the technology recruitment and professional services industry with a successful background in building and executing sales strategies and leading teams to achieve highly successful growth results.

Prior to AD1, Kavenagh was CEO of Davidson Technology and Monitor Consulting between 2016 to 2020.

AD1 Chairman Andrew Henderson said, “Prashant became CEO at an important time for AD1 as we commenced the journey to significantly realign our strategy. He has guided the company through this significant transformation, reset its cost and operating model, integrated two acquisitions and put the business on a pathway for a stronger future.”

“I am very pleased with the appointment of Brendan Kavenagh to the role of CEO for AD1,” Henderson continued. “Brendan’s extensive experience in building and implementing sales strategies that have delivered highly successful results makes him the ideal person to lead the company as we target aggressive revenue growth through the next phase of our strategy. Most relevantly, Brendan has worked closely with the company over the past few months to help develop the company’s sales framework and as such, he comes with a deep understanding of the business, its value proposition and growth aspirations.”