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Australia – Ambition Group announces CFO appointment

15 October 2013

Australia –based boutique recruitment business Ambition Group (AMB: AU) announced the appointment of Peter O’Donovan as the company’s Chief Financial Officer. Mr O’Donovan initially joined the business as interim Chief Financial Officer in June 2013.

Ambition Group CEO Guy Day announced in the company’s annual statement in August that reductions were made to the senior management team and that a new CFO would be appointed with an expanded remit.

According to the announcement, Mr O’Donovan has extensive experience in strategy development, business turnaround and transforming finance organisations. He qualified as a Chartered Accountant in the UK, has an honours degree from the University of Liverpool and an MBA from Warwick Business School.

His immediate priorities will include several high profile change management projects within Ambition Group Limited. He will also play a pivotal role with the senior management team and the company’s Board in delivering on a three year strategy to drive future revenue and profit growth.

Guy Day, Ambition Group Limited’s Chief Executive added: “We look forward to working with Peter as we embark of the development of our strategic plan to restore the business to delivering sustainable, profitable growth”. 

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