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The ASX-listed tactical communications provider has announced the appointment of a new managing director and CEO.
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Codan’s board has appointed Alf Ianniello to serve as its new managing director and CEO, effective from 4 January 2022.
Ianniello replaces Donald McGurk, who is set to retire from the role.
The incoming CEO joins Codan from Adelaide-based Detmold Group, where he served as CEO for 14 years.
Ianniello has also held a number of senior roles across the automotive and defence industries, including stints at Schefenacker Vision Systems and British Aerospace.
Codan chairman David Simmons welcomed his appointment.
“On behalf of the board, I am delighted to announce Alf’s appointment. Having served on the Detmold board for eight years up until 2019, I was able to see at first-hand that Alf was an outstanding CEO and leader,” he said.
“He has a proven track record of leveraging innovation and organisational capabilities and achieved significant growth in sales and profitability during his time as CEO, with revenues reaching US$450 million.
“Our search criteria of appointing a CEO with international experience whilst running a complex business at scale has been fulfilled with Alf’s appointment.”
Simmons said the appointment would enable the board and the senior leadership team to plan for a smooth transition from outgoing CEO Donald McGurk.
“The board is proud of our senior leadership team members who remain fully focused on continuing to deliver for our shareholders,” he added.
“Donald has committed to staying on for as long as Alf considers it worthwhile to ensure a seamless transition during the first quarter of calendar 2022.
“The current plan is for Alf and Donald to visit all our staff, key customers and major suppliers in Australia and around the world in late January 2022, and then Donald will accompany Alf on the investor presentation circuit in February next year.”
The chairman thanked McGurk for his service to the company.
“Under his leadership, Codan has become one of Australia’s genuinely global technology companies that is recognised as a world leader in developing robust and reliable electronics solutions for government, corporate, NGO and consumer markets across the globe,” Simmons said.
“On a personal level, it has been a real pleasure to have worked closely with Donald since I became chairman in 2015. The board and I wish Donald all the best for the future.”
Reflecting on his appointment, Ianniello welcomed the opportunity to lead the company through its next phase.
“Codan is one of a few Australian companies that has seen its technology accepted by international military, intelligence, and enforcement organisations,” he said.
“I will bring a disciplined approach to my role and I am excited by the growth opportunities that exist across the business. Importantly, the ‘can do’ Codan culture will be further developed under my leadership.”
[Related: Airbus Helicopters appoints new ANZ managing director]
