Scott Technology's chief financial officer, Cameron Mathewson, has resigned to pursue another CFO role.
This announcement comes shortly after the decision by Scott Group CEO, John Kippenberger, to step down in May 2024.
Kippenberger has offered to delay his departure, and the board will work with him to determine an appropriate transition.
Scott Technology emphasised that the two resignations are unrelated and do not indicate any concerns with the company's performance.
The company, which does not usually provide guidance, revealed that it is expecting double-digit growth in both revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) for the six months ending February.
Higher borrowing, depreciation, and lease costs are attributed to the positive momentum of Scott Group's underlying growth and performance.
The half-year results will be announced on April 16 2024.
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