CEO quits WHK Group
By Victoria Young
Monday 23 July 2007
WHK Group is today looking for a new chief executive following Graeme Fowler's resignation.
Fowler quit yesterday for lifestyle reasons after four-and-a-half years at the helm of Australia's fifth largest accounting group.
He will leave the Melbourne-based company at the end of the week and return to Sydney in December.
"WHK Group is a great organisation, but unfortunately I'm a bit of a Sydney boy and really need to come back and work on my tan," Fowler told InvestorDaily.
"It's really about where we want to be as a family, so I'm going to come back to Sydney, to have a break and go from there.
"We've had an outstanding few years. The organisation's continuing to grow, be really profitable and employ good people."
The father-of-four plans to have six months off. Afterwards he may consider another job in the small caps market.
WHK Group managing director Kevin White will take on Fowler's responsibilities and duties until a replacement is found.
"Graeme has made a major contribution to WHK and has been integral in the continued growth of the group over the last four-and-a-half years," White said.
Funds under advice (FUA) effectively doubled under his tenure.
This can be attributed to selective and strategic acquisitions, combined with the WHK Total Financial Solutions model.
The WHK Group operating revenue increased from $80.1 million on December 31, 2003 to $148.5 million on December 31, 2006.
FUA increased from $4 billion on June 30, 2003 to $7.52 billion on December 31, 2006.
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