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A major restructure at a mid-tier network has seen the chief executive of the Australian arm step down, with no new successor announced as yet.
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Moore Stephens CEO steps down amid restructure
01 March 2019
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Peter Antonius has departed his role as chief executive at Moore Stephens Australia, after five years at the helm.
According to chair David Tomasi, the catalyst for the change was due to a regional restructure initiated by Moore Stephens International Limited (MSIL)
“[MSIL] restructured the various regions within the global network reducing them from seven to three. Whereas previously, Australia was a separate standalone region, we now form part of the greater Asia-Pacific region,” Mr Tomasi told Accountants Daily.
“This saw a change to the executive structure at APAC level and as a consequence, we needed to make changes at the Moore Stephens Australia (MSA) level.”
Mr Antonius’ departure follows in the footsteps of independent chair Don Boyd, who stepped down from the role at the end of 2018, following a determination from member firms to appoint someone from within the network.
Mr Tomasi, a managing partner at Moore Stephens Perth, has since assumed the role as chair.
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According to Mr Tomasi, the board is currently recruiting for a new role of general manager.
Accountants Daily understands that Mr Antonius has yet to announce his next appointment.
“I am very humbled and honoured to have been able to contribute to the successful rebuilding and re-positioning of the Australian network in [my time at Moore Stephens],” said Mr Antonius.
“A big thank you to our former independent chairman Don Boyd, whose stewardship and support has been invaluable through this journey. To all the partners, directors and staff within not just the Moore Stephens Australia network, but also the New Zealand and broader international network, I have enjoyed and appreciated your camaraderie and contribution in progressing our collective aims.
“Finally, the biggest thanks goes to the team within Moore Stephens Australia, whose expertise, support and hard work have delivered significant value and benefit to the network.”
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