Ignite Limited announced the resignation of its Chief Financial Officer, Mahendra Tharmarajah. Mahendra has been with Ignite since 2016 and played a key role in the restructure and rebuilding of Ignite over this time. As announced to the market on 25 August, Ignite reported its first underlying profit for over 10 years for financial year 2022.

Given the recent transformation and streamlining of the organisation, Ignite will not be replacing the CFO role. Rather, as a testament to the depth of talent in the finance division, Ignite will promote our Financial Controller Diego Agosti into the newly created role of Finance Director.