Experience Co Limited announced that CEO and Executive Director, Anthony Ritter has resigned from the company as an executive and as a Director, with immediate effect. Non-Executive Chairman, Bob East, will assume the role of Executive Chairman, pending appointment of a replacement CEO. The Board has commenced a formal process for the recruitment of a replacement CEO for the business.

Founder and Managing Director, Anthony Boucaut (Bowie), will step down as an Executive Director of the company when a new CEO is appointed. At that time, he will join the Board as a Non-Executive Director of the company. Bowie is keen to remain involved in the ongoing strategy and development of the business and both he and the Board believe that his extensive experience and expertise will be of benefit to the future direction of the business.

The transition to a Non-Executive Director also coincides with his 20-year anniversary of founding the business. Anthony Boucaut will retain the various nominated Senior Person Positions with the Australian Aviation Regulator, the Civil Aviation Safety Authority, and all the Senior Person Positions with the New Zealand Aviation Regulator, the Civil Aviation Authority. The new CFO, Owen Kemp, commenced on 11 February 2019.

Owen brings excellent financial and ASX Listed Company experience to the business. The interim CFO appointed in September 2018 will continue in a supporting role with Owen to ensure continuity within the finance team and compliance with ASX reporting requirements for first half fiscal year 2019; and Ian Douglas, formerly, Director of Corporate Finance with RSM Australia has been appointed as General Manager - Corporate Development. Ian has extensive experience in corporate finance, M&A, acquisition due diligence and integration and will join the Company on 4 March 2019.