News

ATM operator Customers Limited renews CEO’s employment contract

August 17, 2010

The board of directors of Customers Limited, operator of the largest fleet of ATMs in Australia, today announced that it has renewed the employment contract for the company’s top executive.

Tim Wildash, Customers Limited CEO, will continue in the position until June 30, 2013, said Greg Monaghan, chairman of the company’s board of directors. 

“Under Mr. Wildash’s leadership, Customers has successfully navigated its way through a period of significant transformation to become a profitable ASX 300 listed entity, with an emerging growth platform,” Monaghan said. ASX stands for the Australian Securities Exchange, the country’s primary stock exchange. 

“Mr. Wildash led the company’s preparations for the introduction of direct charging in March 2009. The introduction contributed to the company achieving its maiden net profit in 2009, a material strengthening of the company’s balance sheet and inaugural returns to shareholders via two capital returns,” Monaghan added. “These factors will in turn underpin future growth and enable commencement of a sustainable dividend policy for shareholders.”

Monaghan said Wildash’s salary is both fixed and variable, reflecting the company’s current size and its targets for future growth.

Customers ATMs are primarily branded by the Bank of Queensland, St. George Bank, Arab Bank of Australia, Bendigo Bank, Adelaide Bank and Citibank Australia. The company has its headquarters in Cheltenham, Victoria, near Melbourne.