ASX-listed managed services firm Tomizone names Matt Adams as managing director

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ASX-listed managed services firm Tomizone names Matt Adams as managing director

ASX-listed managed services provider Tomizone has appointed Matt Adams as its managing director, replacing Geoffrey Wanless, who left the company in July last year.

Adams will take up the after serving as an independent director on the company board since July last year. 

“Matt brings a wealth of experience and a history of delivering strong results in both public and private enterprises. The company is delivering on its stated growth strategy and we know Matt is the right person to lead that strategy,” Tomizone chairman Ian Bailey said.

“Both myself and the rest of the board look forward to working with Matt in his new role, where there is a clear focus on increasing the size of the business via both organic growth and acquisitions.”

Adams comes from an accounting background, who served as a partner with firm Taylor Woodlings until its acquisition by FTI Consulting in 2013, where he was named senior managing director.

He will be based out of Sydney and will head the business with a focus on growth via acquisitions, particularly in the Australian market.

“I am excited to accept the position of group managing director and to lead Tomizone to deliver on its stated strategy of growth, cost control and delivering exceptional value for shareholders,” Adams said.

“Tomizone has completely redefined itself over the last six months and whilst the work is far from complete, we are now on a trajectory to achieve positive cashflow and profitability on an operational basis in the coming months.”

Adams added that the strategy moving forward would be a combination of measured acquisitions, organic growth and investment in profitable initiatives.

“I look forward to continuing the work with Ian and the rest of the Board and look forward to engaging with Tomizone’s key stakeholders over the coming period,” Adams said.

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