Market Announcement
24 January 2018, Vista Group International Ltd., Auckland, New Zealand
CHANGE IN LEADERSHIP AT VISTA GROUP INTERNATIONAL
Vista Group International (NZX/ASX) has today announced that Kimbal Riley
will take over as Group CEO from Murray Holdaway. Mr Holdaway will take up
the position of Chief Product Officer (CPO) for Vista Group, and will
continue in his role as an Executive Director on the Vista Group board. This
has taken place as part of a succession planning process and will deliver a
seamless transition within the business.
Mr Riley has had an extensive career in senior executive roles in the IT and
Services industries in New Zealand and overseas. He joined Vista Group four
years ago, with the past two years as CEO of Vista Entertainment Solutions
(VES), which is responsible for the largest proportion of the Group''s
revenue. He has been focused on building scale in the business and under his
leadership VES has grown its global footprint by an additional 20 markets,
extending its reach to more than 80 countries. VES has continued to sustain
significant growth per year under Mr Riley''s stewardship and has been the
high growth driver that has helped to open up additional international market
opportunities for other businesses in the Group.
Vista Group Chair Kirk Senior has praised Mr Holdaway for his exceptional
leadership of the company, which he co-founded in 1996. Vista has grown to
become a dominant provider of cinema management, film distribution and
customer analytics software in the global film industry.
Mr Holdaway says he is looking forward to taking on the CPO role, which will
enable him to work across the product divisions in all of Vista Group''s
companies to boost innovation and expand its offerings to its global customer
base.
The change in leadership is effective from 03 April 2018, when Mr Riley
becomes Vista Group CEO and Mr Holdaway its Chief Product Officer. The
process to replace Mr Riley at VES is underway.
Brian Cadzow, Executive Director, Commercial and Legal
Vista Group International Ltd
Contact: +64 9 984 4570
End CA:00313339 For:VGL Type:GENERAL Time:2018-01-24 08:30:15