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Class prepares for IPO

Accounting software provider Class has appointed three new directors to its board in readiness for an initial public offering.

News Staff Reporter 15 July 2015
— 1 minute read

Kathryn Foster, Matthew Quinn and Kevin Bungard will join the Class board, effective today.

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Class chairman Barry Lambert welcomed the new directors, saying their experience will significantly benefit the software provider as it prepares to list on the ASX.

"These high-calibre appointments, with sound commercial and corporate expertise, will be invaluable as we prepare the company for an IPO,” Mr Lambert said.

The three appointees each have significant experience in a variety of roles.

Mr Bungard, Class’s CEO, has been appointed to the board as an executive director.

“In April 2014 Kevin was appointed chief executive officer and has continued to play an instrumental role in driving and delivering key innovation and successes for Class in the wealth accounting software market,” a statement from Class noted.

Ms Foster’s former roles include senior director, Microsoft Store; senior director of e-commerce strategy at Supply Chain and inception of the Xbox Games Marketplace.

“Ms Foster’s insights into business vision, strategy and execution for billion-dollar businesses will make her a valuable addition to the Class board,” Class stated.

Mr Quinn held the role of managing director of the property group Stockland for 12 years and is now a non-executive director of CSR Limited and UrbanGrowth NSW. He is also chairman of Carbonxt Group Limited and mPort Pty Ltd.

In addition, Mr Quinn was national president of the Property Council of Australia from 2003 to 2005 and a director of the Business Council of Australia in 2012. He is also a chartered accountant.

Class prepares for IPO
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