Serko CFO Tim Bluett resigns

Tuesday 19th July 2016

Serko chief financial officer Tim Bluett has resigned and will leave the online travel booking company in October.

Bluett joined the Auckland-based company from Telecom New Zealand in 2013, where he had risen to become acting group chief financial officer, his Linkedin profile shows. He previously worked for Cable and Wireless and French Telecom. In his time at Serko he helped the company float on the NZX, buy two companies and raise more money from investors.

“Tim feels that it is time to take the next step in his career. As a senior business leader, Tim has made an exceptional contribution to making Serko what it is today," chief executive Darrin Grafton said in a statement. Bluett is to remain in the role for the next three months in order to ensure a smooth transition.

Serko added that Bluett is to join one of NZ's largest companies in a senior position.

In May, Serko said it was now targeting profitability in 2018, after missing downgraded guidance for operating revenue. Serko floated on the NZX in 2014 at a price of $1.10 a share.

The stock rose 1.5 percent, or 1 cent, to 70 cents. They've fallen 23 percent since the start of the year.

BusinessDesk.co.nz

Comments from our readers

No comments yet