Major restructure at Axon

Long time CEO Matt Kenealy steps back, Scott Green takes over the big comfy chair

Axon has appointed a new chief executive officer, a new board and a new corporate governance structure.

Scott Green, previously general manager marketing and corporate, becomes CEO, replacing the current CEO and major shareholder, Matt Kenealy. Kenealy will continue to serve on the restructured board as non-executive director. He’s joined by long-time IT identities John Quirk, as chairman, and Brian Steel. Axon general manager of sales Craig Stoddart also joins the board.

The changes are about positioning for growth. Current revenues, to October 31, were $76 million. Kenealy says Axon is targeting revenues of more than $100 million within the next three years.

He was one of two founders of Axon in 1986. When the other founder, Greg McEwan, departed in 1996 some of the shareholding was sold down to existing managers.

“We’ve spent the past 18 months setting this up to manage growth,” Kenealy says.

There are no plans for other restructuring within the company.

Quirk is currently a director of Howard & Co, a strategic investment and management company.

Steele is the executive director of management consulting firm Shoreline Partners.

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