Hearts and Minds Investments Limited (ASX: HM1) Announces CEO Succession
Leadership Transition
Hearts and Minds Investments Limited (ASX: HM1) has announced that Paul Rayson will retire as Chief Executive Officer, effective 19 February 2025. Rayson has led HM1 since its inception in November 2018, significantly contributing to the fund’s success and growth as a listed investment company.
Brett Jollie will succeed Rayson, ensuring a smooth transition. Jollie, currently a Non-Executive Director at Fundbase Group, has extensive experience in funds management and previously served as Managing Director of Aberdeen Asset Management Australia.
Executive Comments
HM1 Chairman Chris Cuffe expressed gratitude for Paul Rayson’s leadership, stating, “Paul has been instrumental in the establishment and growth of HM1.” He welcomed Brett Jollie, noting his impressive 23-year career in funds management.
Matthew Grounds, HM1 Founder and Non-Executive Director, acknowledged Rayson’s contributions, highlighting his role in building the operational infrastructure of the company. Paul Rayson commented on his tenure, saying, “I will be working closely with Brett and also our Chief Investment Officer Charlie Lanchester over the months ahead.”
Company Performance
Under Paul Rayson’s leadership, HM1 has achieved significant milestones, including a 32.2% investment return over the past year and an annual return of 10.7% since inception. The company also maintains a fully franked dividend yield of 5.1% and is recognised as one of Australia’s Top 30 Corporate Philanthropists.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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