Paladone Group Holdings Limited announces the appointment of Jim Downey as Chief Executive Officer (CEO), effective from 24th March 2023.
Jim joined Paladone as Chief Financial Officer in April 2022 transitioning into the Chief Operating Officer role in January 2023 before being appointed as Chief Executive Officer in March 2023
With over 25 years’ experience, Jim has an extensive background in a variety of executive and leadership roles. Jim has worked internationally throughout his career, including leading international expansion projects, and has extensive experience in M&A and successfully transitioning companies through growth.
Jim succeeds Graeme Carr, who announced his intention to retire in December 2022 after an incredible 18-year tenure as CEO in which he transformed the business from a small domestic gift company into what is today, a fast-growing consumers products company with sales in over 70 countries. Graeme will step down as CEO effective as of 24 March 2023 and will remain with Paladone until 30 June 2023 in an advisory role to support a smooth transition.
George Jones, Chairman, said:
“I am delighted that Jim is taking the position as our new Chief Executive Officer.
The Board believes Jim is a great fit for Paladone, with the combination of skills and experience to lead the business through its next strategic phase.
“On behalf of the Board, I thank Graeme for his many years of service to the company and wish him all the best in his retirement.”
Jim Downey, incoming Chief Executive Officer, said:
“I am delighted to be stepping into the CEO role at Paladone. Since joining as CFO in April 22, I have been extremely impressed with the passion, drive and creativity of our fantastic global team and I am thrilled to be leading the business on this next exciting chapter”.
