Nuix investigation: Why Nuix shareholders need answers from Macquarie to its unravelling afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Nuix CFO terminated, CEO to retire
Nuix CFO terminated, CEO to retire Share
Listed tech company Nuix has announced that it has terminated its chief financial officer, Stephen Doyle, and that its chief executive, Rod Vawdrey, will be retiring.
Both announcements were made to the ASX on Tuesday, 15 June and follow reports of investor backlash and possible class actions amid news that both Nuix, and financial backer Macquarie Group, have been asked by ASIC to retain relevant documentation dating back to 2018 as part of an investigation into the floating of the tech company.
Stephen Doyle, the company said, is being terminated “by mutual agreement” and retains no operational duties. However, he will be conducting a handover of his responsibilities before his employment finishes at the end of the month.
Nuix CEO, CFO to depart itnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itnews.com.au Daily Mail and Mail on Sunday newspapers.
The Age this week Nuix announced to the market on Tuesday morning that its CFO Stephen Doyle was being “terminated by mutual agreement.” Only half an hour later, a second bombshell followed with the announcement that CEO Rod Vawdrey had given notice of his decision to retire.
Nuix CEO Rod Vawdrey ringing the bell to announce Nuix’s public listing on the ASX.
Credit:Ben Rushton
The Sydney Morning Herald, The Age and
The Australian Financial Review which exposed serious culture and governance issues, missed sales forecasts and a previous attempted coup to oust Mr Vawdrey.
Nuix provides the software platforms that regulators, police investigators and tax officials around the world use to run top-sensitive investigations.
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