New Zealand-based Vista Group International Ltd (ASX: VGL), a global leader in software and data solutions for the film industry, announced the appointment of a new Chief Financial Officer (CFO) this morning.
Who is Vista Group's new CFO?
This morning, Vista Group announced the appointment of Matthew Cawte as the company's new CFO.
Mr Cawte joins the Vista Group with a lengthy record of financial and senior leadership, having previously served as Chief Financial Officer and Chief Commercial Officer of bioinformatic company Biomatters.
Vista Group's CEO Kimbal Riley commented on the appointment of Mr Cawte, citing his broad financial and commercial background, international experience and public experience as valuable to the company's future.
The appointment of Mr Cawte follows the resignation of former CFO Rodney Hyde, who left the company to pursue a role with another New Zealand-based technology company. Following Mr Hyde's resignation earlier this year, Tony Barclay has served as the interim CFO for Vista Group.
Mr Cawte will commence his role as CFO on 7 August 2019.
A closer look at the Vista Group
Vista Group provides various services to the film industry, from point-of-sale, ticketing and loyalty program software to customer analytics software, allowing clients to target marketing campaigns. The group's cinema management software has a 40% global market share, with the software installed in 7,200 cinemas across 94 countries.
While the Vista Group share price was flat in morning trade following the company's announcement, it has been trading near all-time highs over the past few months, having rocketed more than 58% in 2019 so far. In an investor presentation late last month, Vista reported a 26% increase in earnings per share and a 22% rise in earnings before interest, taxes, depreciation, and amortisation for 2018.
