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Capitaliz makes two senior appointments from retail and banking.
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Succession planning specialist names CEO, director
15 August 2022
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9 minute read
Digital succession planning platform Capitaliz has appointed the former boss of furniture company Coco Republic as chief executive and added a non-executive director who previously worked at Macquarie Bank.
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Nic Foster began his career at PwC before taking up executive leadership positions at Sony Australia and NZ, and PlayStation Australia and NZ.
He then led retail and design outfit Coco Republic’s growth across Australia, New Zealand and US through to a successful capital transaction.
At the same time, former Macquarie Bank executive director Paul Cilia has been appointed a non-executive director of Capitaliz.
Mr Cilia served on the executive committee of Macquarie Bank’s business banking division and held numerous senior roles, including head of client acquisition and head of segment strategy.
He also had executive sponsorship of the bank’s middle market, dealer finance and commercial broking businesses.
Capitaliz founder Craig West said: “These key appointments to the Capitaliz team will help get our digital platform and proven 21-step methodology in front of more advisers to help their clients appropriately value their businesses and ready them for exiting.
“The right advice from a professional adviser could make a lifechanging difference to a small business owner.”
Capitaliz is a digital platform created by Succession Plus, Australasia’s largest business succession and exit planning advisory firm.
Through a collaborative approach, Capitaliz enables scalable business valuations and exit planning.
It enables automatic business valuations, benchmarking and value enhancement guidance to support advisers and accountants in delivering successful business exits for clients with greater efficiency and speed.
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