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From 1 July, Scott Butterworth will be taking on the newly expanded chief financial and growth officer role.
The former CFO of ASX-listed law firm Slater & Gordon first joined PEXA in October 2021, as the firm’s chief data and analytics officer, before taking on the role of chief growth officer.
Mr Butterworth brings more than 25 years of corporate experience to the elevated role, having worked with the likes of Boston Consulting Group, National Australia Bank Group, Westpac, and Clydesdale Bank, where PEXA noted he served as both CFO and chief data officer.
He was also noted as sponsoring “a range of digital and data-driven growth and value-creation initiatives” at Slater & Gordon.
According to group CEO and managing director Glenn King, Mr Butterworth has “a demonstrated track record of delivery.”
“In just over 12 months, Scott has established himself as a trusted leader, deploying his broad knowledge base to generate continued growth in enterprise value,” he espoused.
“Whilst we continue to nurture and protect the foundations of the exchange, we are focused on our growth plans to harness and capture key new business markets. Scott will play a significant role in our growth story,” he revealed in a statement to the ASX outlining the change, which has come about due to the decision of outgoing CFO Richard Moore to depart the business, which was announced back in April.
The group CEO said Mr Butterworth’s appointment “also reflects our strategic executive succession planning framework which informed Scott’s initial appointment to accelerate growth initiatives in both domestic and international markets.”
It was reported that Mr Moore is set to assist during the transition.
PEXA Group to acquire 25% of AI start-up
It follows the announcement that PEXA is set to secure up to a quarter of the consumer-focused artificial intelligence (AI) company Elula.
Founded in 2017, Elula offers AI and machine learning software specific for the finance sector that’s geared towards customer retention and acquisition.
These products include an AI-based software product that predicts which home loan customers will refinance or sell their property within the next three months and another that forecasts which financial institution a customer would most likely seek for additional products and services.
According to PEXA Group Limited, its data and analytics outfit, PEXA Insights, will be securing this minority stake in the AI start-up.
[Related:PEXA Group to acquire 25% of AI start up]
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