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At a meeting today the board decided to terminate Mr Malley's contract.
CPA Australia has made a payment of $4.9 million, in accordance with its obligations.
Chief operating officer Adam Awty has been appointed as interim CEO. His remuneration for this period will remain as per his current role.
The board will be shortly seeking further expressions of interest for casual vacancies that have arisen from resignations midterm.
More to come.
CPA Australia confirms major leadership change
