Iress appoints Marcus Price as new Managing Director & CEO

ASX-listed financial technology leader Iress have announced the appointment of Marcus Price (pictured right) as its new Managing Director & CEO, effective 3 October 2022. Andrew Walsh (pictured left) has notified the Board of his intention to retire, having been with the company since 2001.

Marcus Price has over 25 years of experience leading transformative financial services and technology businesses. Price was previously the inaugural CEO of PEXA Group, Australia’s first digital property exchange. He has also held senior positions with NAB and the Boston Consulting Group, and previously served in senior executive roles with both Equifax and Dun & Bradstreet.

The appointment followed a thorough succession planning, candidate search and evaluation process.

Roger Sharp, Chair of Iress, said the Board is delighted to welcome Price to the Company and thanked Andrew for his long and successful career with Iress.

“Andrew has been an outstanding leader and steward of Iress. Since taking over as CEO in 2009, he has been instrumental in building Iress into a highly innovative market leader with a global footprint. The Board understands his decision, is tremendously grateful to Andrew for his service and wishes him well in his future endeavours.”

“Marcus is ideally placed to steer Iress on the next phase of its journey. He brings tremendous experience in financial services and technology businesses with a demonstrated track record in creating shareholder value. As the founding CEO, Marcus is acknowledged as the driving force in the creation of PEXA, which he led for more than a decade.”

To facilitate a smooth transition and continuity of leadership, Price will be appointed a Non-Executive Director of Iress with effect from 26 July 2022, prior to assuming the Managing Director & CEO role on 3 October 2022. Walsh will remain with Iress as a consultant from 3 October 2022 until the end of January 2023.

Andrew Walsh said, “After more than 20 years at Iress and with the company in such a strong position, I feel the time is right to pursue new opportunities. I am proud to have seen Iress through a period of substantial transformation and growth into what is today a successful global technology business and market leader. My sincere thanks go to the entire Iress team for their hard work, support and friendship over the years and I look forward to supporting Marcus in the transition.”

Marcus Price said, “Andrew has been an outstanding leader of Iress, and leaves behind an enviable legacy of achievements after nearly 13 years as CEO. Further, Andrew has set the foundations for the continued domestic and international success of this highly respected Australian technology business. I feel privileged to be able to follow in his footsteps and am grateful to Roger and the Board for the faith they have shown in appointing me as the new CEO.

“I am certainly looking forward to working with the Iress team as we execute on the 2025 strategy presented to the market last year, including continuing to evolve Iress’ operational model and transition to a platform-based architecture. In addition, we will explore further horizons and ambitions for the business.”