MySale taps new CEO on road to ASX listing
Online marketplace operator MySale has named a new CEO as it continues to work towards a potential listing on the ASX.
Kalman Polak, pictured above, spent a decade with Catch Group, most recently as head of marketplace, and for the past 10 months has worked with MySale as chief commercial officer on a consulting basis. He will take over from Carl Jackson who joins the company’s board as executive chairman.
In a statement, the company said Jackson will remain actively involved in the business, “focused on managing shareholder and other key stakeholder relationships and supporting Kalman who will take over the running of all MySale’s day-to-day operations and the implementation of strategy”.
Polak said he believes there is “a very clear opportunity to deliver rapid growth” and for MySale – which owns OzSale and NZSale – to become the pre-eminent off-price marketplace platform in the region.
Jackson has been CEO of MySale for 12 years, during which time he secured the recapitalisation, restructuring and repositioning of MySale through the company’s ‘ANZ First’ strategy.
Charles Butler, who is currently the non-executive chairman, will remain on the board as a senior independent director. More independent directors are being evaluated to join the board to reflect MySale’s core focus on its next stage of growth in the Australia-New Zealand region, which includes evaluating a listing on the ASX.
Butler said Polak’s extensive digital experience, having spent over a decade as an executive with the Catch Group, will be transformational for MySale.
The appointment announcement coincided with the release of MySale’s third-quarter results which included revenue growth of over 1000 per cent during the period. Underlying EBITDA was $4.2 million, compared with a $2.7 million loss in the corresponding period last year.