Financial services technology provider, Praemium Limited, has terminated its chief executive, Michael Ohanessian.
The company announced the move to the Australian Securities Exchange (ASX) this morning declaring it had “terminated the employment” of Ohanessian as chief executive and managing director.
It said the board believed a CEO with a different skill set would better serve the company’s leadership needs for the next phase of its growth and development.
The ASX announcement said Greg Camm would act as executive chairman until a new CEO was appointed.
It said Ohanessian left the company in good shape and the board acknowledged his instrumental role in the transformation of Praemium to a profitable global firm.