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Australia's Cashwerkz makes board, management changes

Australia's Cashwerkz Ltd. made changes to the roles of its board and leadership team, effective Sept. 12.

CEO Hector Ortiz will assume the role of head of sales. Ortiz will continue to serve as the company's CEO until his replacement has been identified.

John Nantes, Cashwerkz nonexecutive director, was named executive chairman of the company. Nantes is also CEO of technology investment company Adcock Private Equity Pty. Ltd.

Meanwhile, current Chairman Michael Hackett will become executive chairman of the company's wholly owned subsidiary, Trustees Australia Ltd.