Tinybeans Group Limited (ASX:TNY) Announces Board Transition
Board Changes Announced
Tinybeans Group Limited (ASX: TNY) has announced a transition in its Board of Directors. Catherine Cohen will resign as a non-executive director effective 31 December 2024. Cohen has been instrumental in the Company’s strategic reset since joining the board in February 2023.
Leadership Elevation
In conjunction with this transition, Chief Executive Officer Zsofi Paterson has been elevated to Managing Director. This appointment reflects her strategic leadership and deep understanding of the Company’s operations. She will continue working alongside James Warburton and US-based non-executive Directors Mike Rothman and Andrew Silverberg on a streamlined board focused on growth.
Executive Comments
Incoming Chair James Warburton praised the departing Chair Chantale Millard for her exceptional leadership during challenging times. “Chantale has done a fantastic job of steering Tinybeans through a challenging period,” he stated. He acknowledged Cohen’s fundamental role in securing funding for the Company.
Outgoing Chair Chantale Millard also expressed gratitude for Cohen’s contributions, emphasizing the board’s successful completion of a business reset. “We both leave the Company in a much-improved position for growth,” she remarked, expressing confidence in the new board’s direction.
Future Outlook
Warburton expressed excitement about the Company’s prospects for 2025. “The board and executive are now laser-focused on these growth objectives,” he concluded, aiming to maximise the Company’s performance for the benefit of all shareholders.
Motley Fool contributor Lianne Eastty 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 Tinybeans 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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