Leading challenger appoints new CEO

Leading challenger appoints new CEO | Insurance Business

Leading challenger appoints new CEO
CompareTheMarket.com.au (CTM) has appointed a new CEO with a view to grow the business in Australia.

Matt McCann takes on the role with 20 years’ experience “leading growth business within both Australia and the UK,” a statement released by the company said.

Ram Kangatharan, group managing director and CEO of Auto & General holdings, believes that McCann can steer CTM to “exponential growth,” in the Australian market.

“Matt brings with him unparalleled experience in the Australian comparison industry, as well as a proven ability to drive exponential growth,” Kangatharan said.

Founding managing director of the company and former CEO, George Melgonis, will continue as an executive at Auto & General working alongside Kangatharan on “a range of new business opportunities,” the statement continued.

“CTM has experienced incredible growth since it launched in early 2013. Now, as the company transitions out of its start-up phase and into its next stage of growth, we believe Matt is the right person to build on the company’s existing business model, and amplify the success of founding Managing Director, George Meligonis,” Kangatharan continued.

McCann believes that CTM can build on its solid market presence within the Australian industry and expects to see the company grow throughout his tenure.

“CTM has built an incredibly strong market presence in comparison within a very short period of time, driven largely by the unique ‘compare the meerkat’ campaign. With the ‘meerkats’ already recognised in Australian households, it is a great time to join the CTM team to lead the next phase of growth.

“As the comparison market in Australia continues to grow, CTM’s business model is perfectly positioned to leverage that market growth for its supplier partners; by delivering the best customer experience to consumers from a brand they trust,” McCann said.

McCann held positions on the senior leadership team of iSelect for six years, two as CEO, and was previously a foundation management team member of Shazam Entertainment, a $1 billion company with over 500 million downloads worldwide.