Raptis Group CEO Change: Malcolm Cory Takes Over After Garnett’s Exit
Raptis Group Limited has announced the resignation of CEO Russell Garnett, with Executive Director Malcolm Cory stepping into the leadership role. This executive shuffle follows a recent board change and signals a new chapter for the company.
- Russell Garnett resigns as Director and CEO effective 19 August 2025
- Garnett had been appointed following Helen Raptis’s resignation in July 2025
- Malcolm Cory, Executive Director and Company Secretary, appointed as new CEO
- Company’s terms of engagement remain unchanged
- Board expresses gratitude to Garnett and confidence in Cory’s leadership
Leadership Transition at Raptis Group
Raptis Group Limited (ASX, RPG) has announced a notable change in its executive leadership with the resignation of Mr. Russell Garnett as Director and CEO, effective immediately on 19 August 2025. Garnett’s tenure was relatively brief, having been appointed to fill the vacancy left by former Director Helen Raptis, who stepped down on 1 July 2025.
The company’s board has publicly thanked Garnett for his contributions during this transitional period, wishing him well in his future pursuits. While the reasons behind his departure remain undisclosed, the swift appointment of Mr. Malcolm Cory as the new CEO suggests a desire for continuity and stability within the company’s management ranks.
Continuity Amid Change
Malcolm Cory, who has served as Executive Director and Company Secretary, now assumes the CEO role. This internal promotion indicates the board’s confidence in Cory’s familiarity with the company’s operations and strategic direction. Importantly, the announcement notes that the terms of Cory’s engagement remain unchanged, implying no immediate shifts in compensation or contractual arrangements.
Given the recent executive turnover; with two CEO resignations within a short span; the market and stakeholders will be watching closely to see how this leadership change influences Raptis Group’s strategic priorities and operational execution. The company’s core business and board composition remain stable for now, which may help ease investor concerns about potential disruptions.
Looking Ahead
While the announcement is straightforward, it raises questions about the company’s longer-term vision and whether further leadership adjustments might be forthcoming. The board’s quick action to appoint from within suggests a preference for steady stewardship rather than radical change. However, the absence of commentary on strategic direction leaves room for speculation about the company’s next moves in a competitive corporate services sector.
Investors will be keen to monitor upcoming communications from Raptis Group’s management for insights into how Malcolm Cory plans to steer the company forward and whether any operational or financial shifts will accompany this leadership transition.
Bottom Line?
Raptis Group’s leadership shuffle signals stability but leaves strategic questions open for investors.
Questions in the middle?
- What prompted Russell Garnett’s sudden resignation as CEO?
- Will Malcolm Cory’s appointment lead to changes in company strategy or operations?
- Are further executive or board changes expected in the near term?
