Nova Group has announced that CEO Greg Hume has elected to step down from his role after four years at the helm.
Nova’s Chair, Jim Whalley, advised that Greg will continue to lead Nova Group until later in the year whilst the Board undertakes the search for a new Group CEO to ensure a 'successful and seamless transition'.
Whalley acknowledged Greg’s 'outstanding' contribution to Nova, having delivered significant business growth over the course of his tenure since taking over the Group CEO role in 2016 with projections for this financial year of more than $200m in revenue.
“Greg has been a valued part of the Nova family for 17 years and was a key founding member of the company as employee number 10. He has been instrumental in the growth of Nova and his stewardship over the past four years has created a firm foundation on which we can continue to pursue our growth aspirations," Whalley said.
"The Board and I would like to thank Greg for his commitment and passion to the Nova organisation, and I personally wish him every success for the future.”
Hume led Nova’s diversification and globalisation strategy which resulted in Nova’s expansion beyond Australia and the UK into Asia, NZ and Europe.
Hume said he will always feel part of the Nova family and acknowledged that now was the right time to move on.
“This year marks 20 years of Nova and I look forward to seeing the new Group CEO continue to harness the entrepreneurial spirit of our company as Nova embarks on this next exciting phase of its growth strategy and continues to solve the problems that really matter," Hume said.
Hume will continue to work closely with the Board and Executive Leadership Team and will assist with the transition to the new Group CEO over the coming 6-9 months.