Reseller News

Jade Software appoints new CEO after split

New CEO takes over the rump of Jade Software after it was split from its ports and logiscitcs business.
Charlotte Walshe is Jade's new CEO.

Charlotte Walshe is Jade's new CEO.

Jade Software has appointed Charlotte Walshe as its new chief executive officer following its full takeover by a major shareholder and being split in two.

Jade chair Sue Suckling said as well as coming from a technology background with a strong customer focus, new CEO harlotte Walshe brings skills in strategic leadership, building high performing teams, and innovation.

For the past 10 years, Walshe has served as CEO for Dynamic Controls, a manufacturer of electronic operating solutions for medical equipment such as wheelchairs.

She has also  held a number of governance roles with companies and organisations in the software and technology sectors, including directorships with NZ Trade & Enterprise, The Dodd-Walls Centre for Photonic and Quantum Technologies and Enable Services.

“We would also like to acknowledge and sincerely thank Jason Court for his tenure as interim CEO of Jade and for his ongoing commitment to the business, which is reflected in the fact that he will remain in a handover CEO capacity to ensure a smooth transition for Jade’s staff and customers,” said Suckling.

UK-based Skipton Building Society bought-out minority shareholders in Jade Software in July, while Jade Logistics was spun out under separate ownership

Companies Office records showed Skipton Investments lifted its stake to 99.9%  from 56 per cent, acquiring the shares of 61 other entities including those of founder Gil Simpson, who still held a small 2.2 per centg stake.

Jade's logististics business was also spun out as part of the changes and is now owned by USA Health, formerly a 26 per cent shareholder in Jade Software.

Jade Software reported a loss of $942,000 in 2016, down from $3.5 million in 2015 after increasing revenue by 24 per cent to $37 million.

“With her background, Ms Walshe is well-positioned to drive the execution of Jade’s strategy of ongoing digital innovation and services development to deliver customisation and value-add for both existing and prospective customers, which will drive the long-term sustainability and growth of Jade," said Suckling.

"Her proven skills in building organisational culture that fosters business success makes this an exciting time for the Jade team and customers."

Walshe commences in the role as CEO of Jade from mid December.