Succession and exit planning platform Capitaliz appoints CEO and Non-Exec Director

Capitaliz, a digital platform for financial advisers and accountants that measures, benchmarks and accelerates value creation for privately-owned businesses while delivering succession planning advice at scale, has announced two high-profile appointments.

Nic Foster, the former CEO at Coco Republic, one of Australia’s leading retail and design brands, has been appointed Chief Executive Officer of Capitaliz. Foster led Coco Republic’s omnichannel growth across Australia, New Zealand and the United States through to a successful capital transaction. He has also held executive leadership positions at Sony Australia & NZ and PlayStation Australia & NZ after commencing his career at PwC.

Paul Cilia, former Executive Director at Macquarie Bank, has been appointed a Non-Executive Director of Capitaliz. Cilia served on the executive committee of Macquarie Bank’s business banking division and held numerous senior roles, including Head of Client Acquisition and Head of Segment Strategy. He also had executive sponsorship of the bank’s middle market, dealer finance and commercial broking businesses.

Capitaliz is a digital platform created by Succession Plus, Australasia’s largest business succession and exit planning advisory firm. Capitaliz enables automatic business valuations, benchmarking, and value enhancement guidance to support advisers and accountants in delivering successful business exits for clients with greater efficiency and speed.

Founder Craig West said, “The right advice from a professional adviser could make a life-changing difference to a small business owner. These key appointments to the Capitaliz team will help get our digital platform and proven 21-step methodology in front of more advisers to help their clients appropriately value their businesses and ready them for exiting.”