PEXA Group Limited (ASX:PXA) Appoints New CEO
PEXA Group Limited (ASX: PXA) has announced the appointment of Russell Cohen as the new Managing Director and Chief Executive Officer, effective March 31, 2025. Mr Cohen currently leads operations at Grab, a multinational technology company.
Leadership Background
With over 20 years of experience, Russell Cohen brings extensive expertise in driving growth across the Asia Pacific region. He has a proven track record in corporate strategy, business development, and market expansion.
PEXA Group Chair Mark Joiner stated, “Mr Cohen is a dynamic leader with deep expertise in scaling platform businesses. Our search focused on selecting a candidate with a proven track record in commercial performance and innovation.”
Comments from the New CEO
Expressing his excitement about joining PEXA, Cohen said, “PEXA has significant opportunities to leverage its core strength as a platform and digital solutions business. My ambition is to create sustainable value for shareholders and stakeholders through disciplined strategic execution.”
Transition Details
Russell Cohen will succeed Glenn King, who steps down from his role on February 28, 2025. Mr King will assist during the transition until the end of June 2025. PEXA’s Chief Financial Officer Scott Butterworth will act as the interim CEO during this period.
Joiner expressed gratitude to King for his leadership. Under his stewardship, PEXA expanded its Exchange business, reaching significant national coverage and facilitating the company’s initial public offering in 2021.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PEXA Group. 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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