Total
0
Shares
Bill Identity (ASX:BID) - Incoming CEO, Michele Garra (left)
Incoming CEO, Michele Garra (left)
Source: NRL
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Bill Identity (BID) has appointed a new Chief Executive Officer to carve out the next stage of growth for the company
  • Michele Garra will step into the role, following her role as Executive Director at Telstra
  • The appointment comes with a $475,000 yearly salary, along with a short-term incentive of up to 100 per cent of the remuneration, subject to meeting KPIs
  • Michele Garra will commence in the new role on November 29, 2021
  • Bill Identity has dropped 5.88 per cent, trading at 32 cents per share at 2:40 pm AEDT

Bill Identity (BID) has appointed a Telstra and Optus senior executive as its new Chief Executive Officer.

Michele Garra will step into the role, effective from November 29, 2021.

The appointment comes with a $475,000 yearly salary and superannuation, with a short-term incentive of up to 100 per cent of the remuneration, subject to meeting KPIs, along with five million options exercisable at 50 cents.

The new CEO comes from Telstra, where she led its broadband, voice and connected services business, with revenue of more than $5 billion. Prior to this, Michele was Managing Director of Sony Pictures Australia and New Zealand, driving growth while rolling out a new range of technologies, and Vice President of Retail at Optus.

Peter Tonagh, BID’s Chairman, said the company was delighted with the new appointment.

“She brings experience as a senior executive in blue-chip corporations both locally and internationally,” Mr Tonagh said.

“Michele’s significant experience will be invaluable to BID moving forward.”

Bill Identity has dropped 5.88 per cent, trading at 32 cents per share at 2:40 pm AEDT.  

BID by the numbers
More From The Market Herald
icetana Limited, ICE - CEO, Matthew Macfarlane

" icetana Limited (ASX:ICE) signs Memorandum of Understanding with Threat Protect (ASX:TPS)

icetana Limited (ICE) has signed a memorandum of understanding with Threat Protect Australia (TPS).
Envirosuite (ASX:EVS) - CEO, Jason Cooper

" Envirosuite (ASX:EVS) successfully raises $10.5m

Environmental solutions company Envirosuite (EVS) has successfully completed its institutional placement to raise $10.5 million.
Weebit Nano (ASX:WBT) - CEO, Coby Hanoch

" Weebit Nano (ASX:WBT) raises $9.9m from oversubscribed entitlement offer

Weebit Nano (WBT) has raised $9.9 million following an oversubscribed entitlement offer.
Damstra Holdings (ASX:DTC) - CEO, Christian Damstra

" Damstra (ASX:DTC) eyes $20m capital raise

Damstra (DTC) has entered a trading halt ahead of announcing an institutional placement and non-renounceable entitlement offer.