MyState CEO to stay on

From

MyState Limited (ASX:MYS), the Tasmanian based banking and wealth management group, has announced that Managing Director and Chief Executive Officer, Melos Sulicich, who was due to leave the company at the end of June 2020, has agreed to extend his employment contract.

Chairman of MyState Limited, Miles Hampton, said the Board had come to the view that given the uncertainty of the present time, it was important to maintain continuity in the leadership team and had approached Mr Sulicich to request he delay his plans to return to Sydney.

Mr Hampton said the Board of MyState are delighted that Melos had agreed to stay on.

“Melos knows our business very well and his ongoing leadership will ensure we get through this challenging period as a strong bank, focused on our customers and our communities.”

Mr Sulicich will remain with MyState for at least 18 months. The terms of employment remain consistent with those disclosed to the market on 3 May 2018.

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