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  • Australian finance group MyState (MYS), has reported its CEO and Managing Director, Melos Sulicich, will be leaving the company in July this year
  • Melos says he has been away from his family for years and is resigning to spend more time with them
  • Chairman, Miles Hampton thanked Melos for leading the company through digital transformation since he started in 2014
  • MyState remains steady on the market this morning, trading at $5.17 per share

MyState (MYS) has reported its CEO and Managing Director, Melos Sulicich, will be leaving the company in July this year.

Chairman, Miles Hampton said that Melos has made a significant impact on the business since he started in 2014.

Melos has seen the company grow, with the banking loan doubling to over $5 billion. He has led the business through digital transformation, which is now rapidly growing its customer base and loan book across Australia.

“But perhaps most significantly, Mr Sulicich has successfully led us through a very challenging period for the banking industry in Australia,” Miles said.

“Customer satisfaction measures clearly indicate that we have a culture where the interests of our customers are paramount,” he added.

Melos claims his decision to leave is for family reasons. He has been away from his family in Sydney for the past six years and wants to return home permanently.

“It has been a privilege to be the Managing Director and CEO of MyState and I am proud of the transformation achieved during my time with the company,” Melos said.

“We are a significantly different business now and have created a banking and wealth management business that is well set for the future,” he added.

Melos says it is the right time to leave and let someone else take the business to the next stage of growth and development.

“I would like to take the opportunity to express my appreciation and thanks to the entire MyState staff and Board for their commitment, dedication and support,” Melos told the market.

The company says Melos has provided outstanding leadership and the Board place on record its appreciation of the commitment he has brought to the business.

MyState remains steady on the market this morning, trading at $5.17 per share at 11:40 am AEDT.

MYS by the numbers
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