Jacqui Bayles has been appointed Herron Todd White’s Acting chief executive officer after the resignation of Brendon Hulcombe, who held that position for 13 years.
Mr Hulcombe has taken up another opportunity, potentially with under-siege rival, LMW.
He will leave behind the company widely reported as Australia’s largest independent valuation and advisory firm.
“Brendon has had a stellar career at HTW over a 16 year period,” the company’s chairman, Jeff Forbes, said. “Brendon will remain an employee of HTW until the end of August 2019 but will be taking a period of extended leave between now and then”.
Mr Forbes said Ms Bayles will be stepping into the role of Acting CEO of HTW with immediate effect “and until such time as the Board of HTW has concluded its search for Brendon’s replacement”.
“Jacqui has been at HTW for five years, most recently as General Counsel & Company Secretary,” the company said in a statement. “She has worked closely with our key clients; with all of our entities nationally on all key initiatives; with our Board; and has deputised for Brendon on many occasions”.
“The Board of HTW has thanked Brendon for his many contributions right across our network, for leading us through a long period of sustained growth, for his expert client relationship management, his valuation industry leadership, and his stewardship of HTW,” Mr Forbes said.
Meanwhile, LMW, formerly known as Landmark White, has warned investors to brace for a full year loss at the upcoming reporting season.
The valuation giant estimates to have lost about $6 million in revenue following a data hack scandal from January.
This incident resulted in the resignation of LMW chief executive Chris Coonan and two board members including co-founder Glen White.