trending Market Intelligence /marketintelligence/en/news-insights/trending/VKGZGwPbEjYKtUjtg2Fm1A2 content esgSubNav
In This List

Australia's SurfStitch CEO resigns, company in voluntary administration

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector


Australia's SurfStitch CEO resigns, company in voluntary administration

E-commerce company SurfStitch Group Ltd's administrators announced Dec. 22 that Mike Sonand has stepped down from his CEO post, effective Dec. 22.

SurfStitch is in voluntary administration, and trading of its shares have been suspended, the company said. As a result, a replacement has not been appointed.

"Depending on the outcome of the administration, a new or interim chief executive officer may be appointed in due course," the company said.

In the interim, the online apparel retailer will be led by a management team, supported by administrators John Park, Quentin Olde, and business advisory firm FTI Consulting Inc.'s Joseph Hansell.

Sonand will remain as a director of SurfStitch and its subsidiaries, the company said.