APM shuffles executive team

Global services provider APM Human Services International has made changes to its leadership team and recruited long-term Goldman Sachs executive Ian Taylor.

Mr Taylor has worked at United States-based multinational investment banking firm Goldman Sachs for 20 years and assisted APM to be listed on the ASX during his tenure.

He has continued to be involved with APM since 2021 and advised on the company’s acquisition of Equus Workforce Solutions in 2022.

Mr Taylor currently serves as Goldman Sachs head of equity capital markets Australia and New Zealand and is set to transition to APM as chief strategy officer in early 2024.

He is expected to remain in Sydney when he commences with the West Perth-based company, with the capacity to travel when necessary.

APM chief financial officer Steve Fewster has been appointed to a new role as chief operations officer to lead business services and manage digital and technology, risk and procurement.

Mr Fewster is a chartered accountant and first joined APM in 2021, bringing his extensive experience from his former roles at WesTrac and Fortescue Metals Group.

Taking over from Mr Fewster as chief financial officer would be APM deputy chief financial officer Matthew Cooper.

Mr Cooper was recruited by APM in 2017 following a 12-year long career at PWC as associate director and senior consultant.

APM unveiled the executive team changes in an announcement to the ASX on Tuesday, confirming the shifts would support the company’s continued international growth.

APM group chief executive Michael Anghie said the executive team shuffle would additionally enhance the organisation’s leadership capacity and the delivery of key strategies.

“Ian has an important role to play given his experience in capital markets and mergers and acquisitions, combined with his commercial acumen and existing connection with leaders across the APM business,” Mr Anghie said.

“It is a great pleasure to welcome a leader of Ian’s calibre to our team.

“Steve’s experience across group operations including digital and technology, risk and procurement together with his relationships within and knowledge of APM ensures we can accelerate the execution of our strategy across these key functions.

“Matthew’s knowledge and involvement across all areas of APM’s finance functions and his detailed understanding of our operations makes him the perfect successor to Steve.

“Matthew’s ability to think strategically and commercially, his partnership approach and expertise across APM will add depth to the executive team.”

In August, APM released its financial report confirming net profit after tax of $178 million after anticipating its earnings were going to take a hit earlier this year.

The company recorded a 43 per cent increase in revenue to $1.8 billion for the financial year, from $1.3 billion in FY22.

At the time of publication, APM shares last traded at $1.84 per share, down 1.6 per cent from Monday's closing price of $1.87.