Greg Sheehan will finish his role as chief executive of RightWay on 31 August. Current chief operating officer, Sharn Rayner, will step into the role on 1 September.
Mr Sheehan started the company with one of Xero’s original co-founders, Hamish Edwards, about six years ago. He’ll be joining Xero as its global head of accounting thought leadership. He will stay on board at RightWay as non-executive director.
RightWay closed its Australian operations in April, citing cost factors as a main contributor. It is currently headquartered in New Zealand. It was Ms Rayner’s recommendation to the board when she joined that closing the Australian operations was the best decision for the business.
Ms Rayner told Accountants Daily she has already implemented some major leadership changes, with a view to stabilise the NZ operations, and gear up for long-term growth and expansion.
For example, the firm has a new chief financial officer after its previous one left voluntarily, the sales and marketing team has a new leader after a contracted position came to an end, and Ms Rayner has created the new role of people and culture.
“We have lacked consistency about structure and strategy, and those are the things I’m focusing on,” she said.
Ms Rayner said the firm is already seeing bottom line benefits following a period of instability, and is confident that expansion will be on the cards again in the mid to long term.
“We are building a stronger structure, and making sure roles are steady going forward,” she said.
“We are focused on keeping staff engaged, ensuring all clients get world class services, and meeting our own financial expectations as a business,” she said.