PERTH – February 12, 2016 – Cirrus Networks Holdings Limited (“Cirrus” or the “Company”) (ASX: CNW) is pleased to announce that Non-Executive Director Matt Sullivan will join the business on a full time basis and transition to the role of Managing Director at the Company’s next Annual General Meeting.
At the completion of this transition, current Managing Director and major shareholder, Frank Richmond, will remain an Executive Director with the mandate to drive growth and business development opportunities.
As a founding partner and Managing Director of L7 Solutions, Mr. Sullivan oversaw the profitable growth of one of WA’s most successful IT services businesses over a 7 year period. L7 was acquired by Amcom Telecommunications in 2011, and subsequently acquired again by Cirrus in December 2015.
“Matt’s proven track record in this sector and intimate knowledge of the L7 business make him the obvious choice to helm Cirrus through its next stage of growth” said Managing Director Frank Richmond. “Matt brings a level of industry experience with him that will be critical to our success as the Cirrus business matures and becomes more complex.
I am looking forward to working with Matt during the transition period and beyond. This move will enable me to focus more on sales and business development opportunities as we seek to continue the rapid growth of Cirrus” added Mr. Richmond.
Mr. Sullivan added, “Frank has built an impressive business in an incredibly short period of time. I’m excited to be working with him and the rest of the team as we consolidate our achievements to date and position Cirrus for future growth.”
Mr. Sullivan is expected to formally take up the position of Executive Director in the next few weeks.
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