Who Is Leading BSA’s Next Chapter After Major Restructure?

Leadership Transition Amid Strategic Shift

BSA Limited has announced a pivotal leadership transition as part of a broader strategic overhaul following its unsuccessful bid for the NBN Co Field Module tender. Joint CEOs Richard Bartley and Arno Becker, who have guided the company through a period of significant transformation, will step down by early August 2025. Their departure marks the end of an era and the beginning of a new chapter for the Australian telecommunications services provider.

The Board has appointed Sasho Kacevski as the new Chief Executive Officer effective 2 June 2025. Kacevski brings over a decade of senior leadership experience in telecommunications, with a strong track record in operational delivery, customer satisfaction, and contract management. His previous roles at BSA and other major players like Foxtel and Optus position him well to lead the company through its next phase of evolution.

Financial Leadership and Restructuring

Alongside the CEO appointment, BSA has named Arjan van Ameyde as Chief Financial Officer and Company Secretary, also effective 2 June 2025. Van Ameyde’s extensive 25-year career spans ASX-listed companies and multinational firms, bringing valuable financial expertise to support BSA’s restructuring efforts. His prior experience within BSA’s Advanced Property Solutions division adds continuity amid change.

The leadership changes coincide with a significant revision of BSA’s financing facilities with the Commonwealth Bank of Australia. The company has reduced its base borrowing facility from $16.5 million to $10 million and its guarantee facility from $16.8 million to $8.8 million. These adjustments reflect BSA’s streamlined operating footprint and cost base following the loss of the NBN Co contract and the ongoing business restructure.

Outlook and Strategic Implications

BSA’s Chairman Nick Yates expressed gratitude to the outgoing CEOs for their dedication during challenging times and confidence in the new leadership team. The transition aims to ensure continuity and stability as BSA focuses on its remaining contracts, including key partnerships with Foxtel and its wireless business. Kacevski’s operational expertise and customer-centric approach will be critical in navigating this period of adjustment.

While the company has not disclosed detailed financial impacts of the restructure, the leadership and financing updates signal a clear intent to adapt to a smaller, more sustainable business model. Investors and market watchers will be keen to see how BSA leverages its existing contracts and explores new opportunities under the fresh leadership.