Praemium’s Ohanessian to leave firm

Praemium has announced its chief executive and board member, Michael Ohanessian, will be leaving the firm after almost a decade in the role effective immediately. 

In an announcement to the Australian Securities Exchange (ASX) the firm said non-executive director, Anthony Wamsteker, had immediately stepped into the interim CEO role. 

Praemium said Wamsteker would be paid a monthly fee of $50,000 for immediately assuming the role of executive director and interim CEO. 

The board had also appointed Deloitte Corporate Finance to undertake a strategic review of Praemium’s international business. 

The firm’s chair, Barry Lewin, said: “During his tenure, Michael has built a solid and profitable foundation at Praemium. He leaves the business having positioned Praemium for continued strong growth, both in Australia and overseas”. 

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