New iCollege chief executive Stuart Manifold was a 2005 40under40 winner when he was at the helm of Risktec Australasia.

iCollege restructures board

Following a board reshuffle this morning, Perth-based online education provider iCollege has a new chairman and chief executive, with the size of the board reduced to three.

Victor Hawkins tendered his resignation as managing director but will stay with the company in a ‘strategic role’, while chief operating officer Stuart Manifold has been promoted to CEO.

Mr Manifold was a Business News 40under40 winner in 2005 while he was at the helm of his former business, emergency management and associated safety critical training company Risktec Australasia.

He has also previously served on the board of the Entrepreneurs Organisation in WA.

Mr Manifold’s prior duties will be carried out by Stuart Usher, who has taken on the role as CFO.

Executive director Ross Cotton has replaced Johannes de Back as non-executive chairman, while Andrew Crevald, a director and principal at education provider Navitas’s Curtin College in Perth, has joined the board as a non-executive director.

Previously a director and principal at Perth Institute of Business and Technology, Mr Crevald has also held various appointments including on the Edith Cowan University council.

Philip Re will retain his position on the iCollege board as a non-executive director.

Mr Crevald’s experience in the sector is second-to-none and we are grateful to have the opportunity to draw on this as we continue to integrate our existing assets,” Mr Cotton said.

“I would like to congratulate Mr Manifold on the great work he has done within the company over the past six months and his promotion to CEO.

“I also offer a very warm welcome to Mr Usher who complements the team with a very robust set of skills and experience.”

Mr Usher is a chartered company secretary with 20 years’ experience in the management and corporate affairs of public listed companies.


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iCollege (ICT)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
72ndFamily Zone Cyber Safety177%0%
547thMejority Capital-19%-8%
767thRobo 3D-61%-26%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$2.9m Issued
$36k Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


123rd↓Mejority Capital$2.3m
124th↑Family Zone Cyber Safety$2.3m
126th↑Robo 3D$2.0m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from iCollege

739thStuart Manifold$176k
1219thPhilip Re$60k
Ranked by total remuneration from all listed WA companies

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