Skip Navigation Links
Home
Settlements
Search Services
Products
Commercial
Product Services
About Us

SAI GLOBAL LIMITED APPOINTS PETER MULLINS AS CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR

MEDIA & ASX ANNOUNCEMENT 5 November 2014

Plans for regional focus on integrated customer services, products and sales.

The Board of SAI Global Limited (ASX: SAI or “the Company”) today announced that it has
appointed Peter Mullins, the current Global Head of SAI Information Services, as SAI’s new Chief Executive Officer and Managing Director.

The Company also announced a planned restructure of its operations along regional lines with the appointment of Paul Butcher, the current Global Head of SAI Assurance Services, to the newly created role of Global Head, Sales and Marketing. In this role Mr Butcher will be responsible for finalisation and implementation of an integrated range of customer services, products and sales teams, organised regionally, across the Company’s three divisions, which will be in place in early 2015.

SAI Executive Chairman, Andrew Dutton, said: “Peter Mullins has achieved outstanding results in the role of Global Head of SAI Information Services.

“Under Peter’s management the Australian Property Business has become the largest provider of mortgage settlement services in Australia, servicing the big four banks and many other financial institutions. In the Standards business, he has driven the development of a global platform and unique software and services to facilitate better outcomes for clients, which are now beginning to deliver revenue growth.

“Peter has proven himself a very capable leader, managing a large international team and successfully integrating a number of recent acquisitions.

“He is highly respected by SAI’s staff, management and Board and, in the last twelve months, Peter has assumed considerable additional responsibilities, designing and leading much of the business transformation process and planning.

“As a result he is now ideally placed to ensure a smooth leadership transition and to drive the Company’s integration and growth strategy,” said Mr Dutton.

Prior to joining SAI, Mr Mullins was Managing Director of Unisys Insurance Services in the UK, a
subsidiary of Unisys, the global information technology company. Before joining Unisys, he served at Executive Director level in roles in Information Technology and in Customer Services with AMP.

Mr Mullins said that, despite the considerable distractions for management from the recently closed expressions of interest process that the Company conducted, planning is well underway to move SAI Global to a global Sales and Marketing function backed by regionally aligned operations.

“I am also very pleased that Paul Butcher has agreed to lead the Global Sales and Marketing initiative which will be focused around the three regions of APAC, EMEA and the Americas.

We will be announcing details of the integration plan in early 2015,” Mr Mullins said.

While the detailed integration plan is being finalised, Mr Butcher will continue to lead the SAI Assurance division and take on leadership responsibility for the Standards, Technical and Information Services division. Tim Whipple, Global Head of the Compliance division is leaving SAI Global to pursue other opportunities. Michael Orrick, Head of Compliance Sales and Marketing and Jan Kruger, Executive Vice President of Compliance will jointly lead that business, reporting directly to Peter Mullins in the interim.

Mr Mullins said: “I am confident that the plans we are finalising now will see SAI Global well placed to achieve further improvements in its cost base and the efficiency of its processes.”

“A considerable amount of hard work has gone into the business this year and we saw the beginnings of a turnaround in profitability toward the close of FY14, however, a lot remains to be done,” he said.

Mr Mullins will commence as CEO and join the SAI Board immediately. Andrew Dutton will
simultaneously step down from his role as Executive Chairman, retaining the position of Chairman of SAI Global. At the same time, Peter Day will relinquish his role as Deputy Chairman, but remains as a Director and Chairman of the Audit & Risk Committee.

A summary of the key provisions of Mr Mullins’ employment agreement is set out in Attachment A.

ENDS

Shareholders & Analyst Enquiries Andrew Dutton  +61 2 8206 6807
Media Enquiries GRACosway – John Frey +61 411 361 361

receive a copy of our electronic settlement news by signing up here