In January, the managing director and chief executive of a financial services group announced his resignation upon the completion of his contract in June 2020.
However, yesterday, MyState Limited announced MD and CEO Melos Sulicich has agreed to extend his contract.
Chairman of the Tasmanian based banking and wealth management group, Miles Hampton, explained the board had concluded that the uncertainty of the present time has made continuity in the leadership team crucial to maintaining success.
As such, it approached Sulicich to request he delay his plans to leave the group.
Sulicich’s resignation came as part of his decision to permanently relocate home to Sydney, after almost six years living away from his family.
According to Hampton, the board was delighted that Sulicich has agreed to stay on.
“Melos knows our business very well and his ongoing leadership will ensure we get through this challenging period as a strong bank, focused on our customers and our communities,” said Hampton.
Sulicich will remain with MyState for at least 18 months.