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AMA Group appoints new CFO among other key changes


The AMA Group has taken the next step in its new look leadership group with a new appointment to its top financial officer position.

It announced Domenic Romanelli was appointed Group Chief Financial Officer who will replace Geoff Trumbull, in August after the his resignation in May.

In other major moves at Australia’s largest repair group, Stuart Faid will take over as Executive General Manager for the AMA Collision Division with immediate effect.
Industry veteran Faid took over the Specialist Business in April and has been overseeing projects like the TechRight advance in in-house ADAS calibrations.
Faid described the appointment at the largest network of collision repair facilities in Australia on social media as a 30-year career highlight.

Also on social media another industry veteran, Darren Wales announced he would be retiring from the AMA Group’s heavy repairs sector at the end of July to spend more time with family, after 38 years i the sector.

“I would like to thank our exceptional team at Wales and the AMA Group, who have made this journey with me,” Wales wrote on social media. “I cannot thank you enough for your support, professionalism and friendship over the years. It has been the number one reason for our success.”
“Our wonderful and loyal customer base, our supportive supplier network have all been a part of what makes the Wales team tick, in delivering the highest quality repair services available to the industry.

“I leave with the comfort that Wales Heavy Motor, is in the very capable hands of my replacement Jim Lynch EGM of Wales and Specialist Business. ”

The AMA Group also saw an overhaul of its board last month, with four new board members and a new chair.

Romanelli is an experienced listed company senior executive and CFO and joins AMA Group from Pro-Pac Packaging Limited where he was CFO from November 2022.

In a statement to the ASX it listed Romanelli as responsible for refinancing the company’s financing facility, and leading all elements of the company’s reporting, audit, and tax programs.

It said he has over 25 years of experience in large and internationally located companies across the industrial and resources sectors including Gale Pacific Limited, Orica Limited, Smorgon Steel Group and BHP Limited.

“He has substantial transaction experience including debt, equity, acquisitions, and divestments, as well as significant experience managing finance teams and functions,” the release noted.

“Romanelli holds a Bachelor of Science, is a member of the Institute of Chartered Accountants, a Fellow of the Financial Services Institute of Australia, and a Graduate of the Australian Institute of Company Directors.”

Romanelli will join AMA Group on 26 August 2024, and Geoff Trumbull will remain with AMA Group through the transition period.

AMA Group Chief Executive Officer Mathew Cooper said, “This is an exciting time for AMA Group, as we continue to see positive business performance and strong momentum.

“I welcome Domenic to the team and look forward to the benefit of his extensive experience as a listed company executive and CFO as we continue to capitalise on the opportunities available to us.”

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