NCR AMA Group
Published on July 9th 2021 in

Bizon banks on new structure and new team at AMA

The following is a truncated version of AMA Group’s recent announcement to the Australian Stock Exchange.

AMA Group is pleased to announce a realignment of the Company’s business segments to reflect the evolution of the Group and several internal promotions and appointments to senior leadership positions to bring a diversity of industrial and corporate experience to the Company and ensure the Group has the appropriate governance and depth of skills to deliver the Board’s vision for the future of AMA.

Following its listing in 2006, AMA has experienced significant, rapid growth. With approximately 175 sites, AMA is the leader in the Australian and New Zealand collision repair industry. In February 2021, Carl Bizon was appointed CEO and initiated a reform and transformation program to unlock the inherent value in the Group. The three dimensions of value which will inform the strategy going forward are:

Partnerships:
build outstanding commercial relationships with customers for the long-term

Production:
leverage the technical skills and industry expertise in the business

Procurement:
secure the quality products needed to execute operations on industry leading terms

New management reporting segments have been created that will maximise the value in each business area, paving the way to realise the value of AMA’s unique position in the Australian collision repair industry.

Drive:
David Marino is promoted to Executive General Manager in addition to his position as CEO of Capital S.M.A.R.T

Non-drive:
Campbell Jones promoted to the role of Executive General Manager.

Heavy:
Darren Wales continues management of this segment as Executive General Manager

Supply:
AMA will retain an executive search firm to source a leading candidate for the Supply segment.

Consistent with the business direction to enhance governance, diversity of management skill, leadership and industry experience, the following senior executives have joined AMA at the Executive level:

Mathew Cooper:
Group Chief Operating Officer

Andrew Mair:
Group Chief Commercial Officer

Janelle Leonard:
Group Chief People Officer

Alexandra Holston:
Director Investor Relations and Corporate Affairs

AMA will immediately retain the services of an executive search firm to commence recruitment of a new Chief Financial Officer.

These appointments provide the industrial, management and leadership capabilities commensurate with the current size of AMA and provide the foundation for the acceleration of the strategy and future growth of the Group. The new structure, leadership team and Board appointments, support a governance environment appropriate to a listed entity such as AMA” stated Chief Executive Officer, Carl Bizon.

Interestingly, the market appears to be unconvinced. Since Bizon took the reins, AMA Group share price is down circa: 15%, while the ASX200 is up circa 10%.

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