Class has appointed three new directors to the Class Board – Kathryn Foster, Matthew Quinn and Kevin Bungard, CEO.
Class, the provider of the award-winning Class Super, Australia’s leading cloud solution for administering self-managed super funds (SMSFs), has announced the appointment of three new Board members.
The Board changes will support the company’s initiatives to delivering ongoing innovation and expansion in the wealth accounting space
Class’ Chairman, Barry Lambert said: “These high calibre appointments, with sound commercial and corporate expertise, will be invaluable as we prepare the company for an IPO.”
Appointment of Non-Executive Directors
The Class Board has been strengthened with the appointments of Ms Kathryn Foster and Mr Matthew Quinn as non-executive directors.
Kathryn Foster
Ms Foster, who formerly resided in the US, brings over 20 years’ experience and network contacts in creating and running large internet based businesses across 232 geographies, including holding key global roles with Microsoft. With roles including Senior Director, Microsoft Store; Senior Director of ecommerce strategy in Supply Chain and inception of the Xbox Games Marketplace, Ms Foster’s insights into business vision, strategy and execution for billion dollar businesses will make her a valuable addition to the Class Board.
Matthew Quinn
Mr Quinn has a successful track record of management and growth. Holding the role of Managing Director of the property group Stockland for 12 years, Mr Quinn oversaw the significant growth of company assets to become a top 50 company on the Australian Securities Exchange.
He is now a Non-Executive Director of CSR Limited and UrbanGrowth NSW and is Chairman of Carbonxt Group Limited and mPort Pty Ltd. He was National President of the Property Council of Australia from 2003 to 2005 and a Director of the Business Council of Australia in 2012. Matthew is involved in a number of not-for-profits and is on the Board of the Public Interest Advocacy Centre and the Australian Business and Community Foundation. He is a Chartered Accountant.
His extensive experience, including his direct involvement in creating a market leading business, will greatly benefit Class.
Class further announced that non-executive directors, Fred Marishel and Kevin Wyld, have retired from the Board.
Appointment of Executive Director
Kevin Bungard has been appointed to the Board as an executive director. Kevin joined Class in 2009 as Chief Operating Officer (COO) and has overseen the commercialisation, launch and rapid growth of Class Super.
In April 2014 Kevin was appointed Chief Executive Officer (CEO) and has continued to play an instrumental role in driving and delivering key innovation and successes for Class in the wealth accounting software market.
Class Milestones
Class was the first cloud-based SMSF administration software to market in 2009 and since then has delivered regular product enhancements to its system, based on user feedback and changing market needs. The company recently reached the milestone of its solution underpinning the administration of over 80,000 SMSFs, maintaining its 50% per annum growth rate.
In the past year Class has accumulated significant recognition for its achievements including being placed 14th on the BRW Top 50 Most Innovative Companies listing; winner of the SMSF Adviser SMSF Software Provider award for 2014 and 2015; and winner in the CoreData SMSF Accounting Software/Administration category.
Source: Class Super
