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MySale Snaps Up Former Catch Executive as New CEO
MySale has appointed ex-Catch Head of Marketplaces, Kalman Polak, as its new CEO, with a series of other board changes.
Former Catch Executive has been named the Chief Executive Officer of MYSALE, which houses online marketplaces including OZSALE and NZSALE.
Polak, who has more than a decade’s experience with Catch, will take over the role of CEO from Carl Jackson, who will move into an Executive Chairman position.
Jackson held the position of CEO since 2009, and will remain a major role in the business and will focus on the management of shareholder and other key stakeholder relationships. Jackson will also support Polak as he takes over the day-to-day operations and implementation of new strategies.
Polak was the former Head of Marketplaces at Catch, among many other roles in the online industry. “The Board is delighted that Kalman has joined us as CEO,” shared Charles Butler, the Senior Independent Director of MySale.
“His extensive digital experience, having spent over a decade as an executive with the Catch Group, will be transformational for MySale. It was under Kalman’s leadership that the Catch Group became one of the largest marketplaces in Australia.”
MySale recorded an increase in EBITDA in FY21 of $4.2 million, compared to an FY20 loss of $2.7 million. Furthermore, marketplace revenue increased 1000 percent YoY in the last nine months, from $400,000 in Q2 to $4.8 million in Q4.
A delivered margin increased to 27.8 percent, up from 22.3 percent in FY20, and a contribution margin saw an incremental increase to 14 per cent, up from 11.3 percent last year.
“MYSALE has recruited a team of high performing industry experts, delivered very strong revenue growth underpinned by a strong business pipeline and significant growth opportunities in New Zealand, said Polak of the results. “I look forward to working with the team to capitalise on our positive trading momentum in
Q1FY22 and to drive our marketplace offering which is expected to continue its significant growth trajectory in FY22.”
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