Richard Shaw is a seasoned finance executive, Company Secretary, and a trusted consultant to Board-level teams, boasting an impressive career spanning over three decades. With a focus on building, scaling, and positioning companies for successful IPOs on the Australian Stock Exchange (ASX), Richard's expertise is unparalleled.Finance Leadership, Business Scaling and IPO:Richard's tenure as a CFO in publicly-traded and private companies across diverse industries is marked by a consistent track record of developing world-class finance teams, systems, and operations that increased scale and support accelerated growth. His strategic prowess has consistently driven double-digit revenue and profit growth, orchestrated pivotal investments and M&As, and guided two companies (ASX:ATA and ASX:YBR) through successful Initial Public Offerings.High Volume Low Value Billing Operations Richards is expert in development, management, and control of High-Volume Low-Value billing systems. He is recognised for his success developing billing operations and processes that enhance customer satisfaction, prioritise continuous improvement and maximise working capital.Turnaround Specialist:Recognized for his acumen in steering complex turnarounds and restructurings, Richard excels in revitalizing cash-challenged businesses, paving the way for recovery and sustainable growth.
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Chief Financial OfficerAtturra Limited Sep 2021 - Oct 2022SydneyAtturra Limited is an ASX-listed IT services provider with 700+ employees. As Chief Financial Officer of Atturra Limited, Richard was handpicked by the Board to fortify the company's financial and reporting infrastructure in anticipation of an imminent IPO. Collaborating closely with the CxO team and external advisors, he played a pivotal role in management and positioning of critical tax, regulatory and performance disclosures to investors and advisors, setting the stage for Atturra's triumphant debut in the public capital markets. In December 2021, these efforts culminated in the successful launch of Atturra as a publicly-traded company, raising A$25M at an issuance price of A$0.50 (oversubscribed by a factor of four). Within the first 12 months post-IPO, Richard oversaw the release of the company’s first general-purpose audited results and secured a $30M debt facility for planned acquisitions. During this period, Atturra’s stock price doubled to approximately A$1.00, achieving a market capitalization of A$160M.
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Chief Financial Officer And Company SecretaryYellow Brick Road Jul 2010 - Aug 2019SydneyEstablished in 2011, Yellow Brick Road is an ASX-listed mortgage and wealth distributor comprised of 1600+ independent advisors in Australia. During his nine-year tenure as CFO of Yellow Brick Road (YBR) from 2010 to 2019, the company achieved average annual revenue growth of 40%. Richard held full and final oversight of all finance functions, reporting directly to the CEO and Board. Richard's leadership was instrumental in YBR's successful IPO in June 2011, achieved through a reverse acquisition with ITS Limited. He played a pivotal role in transforming YBR from a nascent mortgage and wealth distributor with limited reporting capabilities into a thriving entity. Richard's hands-on approach and innovative systems implementation unlocked $2.5M in recurring annual cost savings, streamlined cash flow, and enabled the scale up from 70 to 1,600+ mortgage and financial advisors. Additionally, he spearheaded key decisions on various Steering Committees, overseeing M&As worth over $60M, orchestrating a $4.8M asset divestiture, and securing nearly $40M in private placements with institutional and high net worth investors. -
Chief Financial OfficerBlue Freeway Limited Feb 2008 - Jan 2010SydneyBluefreeway was an ASX listed digital media group comprising 23 companies in Australia, the United Kingdom, Europe and South America. The group had 350 staff and an annual turnover of $90m. Under previous management the company acquired 25 subsidiaries in 8 months and consolidating them under a costly and ineffective centralised sales model. Consequently, the company was incurring significant cash losses and had breached bank covenants.During the turnaround phase Richard restructure and stabilised underperforming operations and centralised finance and head office functions, reducing costs by 20%. By centralising invoicing and collection operations he increased working capital by $3.5m. After the turnaround Richard completed the $30m privatisation of the business.
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Chief Financial OfficerCommsecure Limited Jan 2005 - Nov 2007SydneyTurnaround and restructure of fintech business: I restructured financial operations, negotiated the sale of the business and the return of capital to shareholders. An ASX listed electronic invoicing and payment service provider. CommSecure was an early leader in this emerging market segment. Major clients included Ozemail Optus, Integral Energy and ANZ. I joined the company to assist the newly appointed CEO productise the technology platform and reduce reliance on key customers. The board subsequently decided it was in the shareholders best interest to sell the business. I completed the negotiation, due diligence and sale of company’s bill payment business. I wound down remaining business operations and completed the return of capital to shareholders.
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Chief Financial OfficerTmp Worldwide Oct 2003 - Jan 2005SydneyRestructure and divestment of advertising and communications agency: I reduced operating costs by 20%, Implemented SOX (US) compliant reporting systems and resolved extensive historic compliance deficiencies. I completed negotiation, due diligence, and the $20m sale of the business. TMP was an Advertising & communications agency specialising in high volume, low value print media and online ad placement. The company was a subsidiary of Monster Worldwide Inc. a United States based multinational. TMP had 250 staff and annual turnover of $150m. The company had 11 Asia Pacific branches including Hong Kong, Singapore, Shanghai and New Zealand.
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Chief Financial OfficerOzemail Jul 2000 - Feb 2001SydneyOperational restructure and due diligence for divestment of internet Service provider (ISP): I completed the Y2K transition of the billing system. I re-structured call centre operations reducing customer wait time from 8 minutes to 2.5 minutes. I completed due diligence and negotiation for the $100m sale of the business.Ozemail was the 3rd largest ISP in Australia. 400,000 subscribers 300 staff and $100m annual turnover. -
Financial AnalystOzemail Jul 1998 - Jun 1999Sydney, New South Wales, AustraliaInternet Service Provider
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Senior Country Finance ManagerIvanhoe Mines Feb 1995 - Mar 1997Myanmar -
Manager Insolvency And Business RecoveryEsanda Finance Corporation Limited Feb 1990 - Jan 1995Sydney, New South Wales, AustraliaWorking capital finance restructure and turnaround -
Senior Accountant Audit And Business ServicesBrogan And Partners Jul 1989 - Jun 1990Sydney, New South Wales, AustraliaChartered Accountants
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Accountant AuditTouche Ross Feb 1987 - Jun 1989Sydney, New South Wales, AustraliaChartered Accountant
Richard Shaw B. Com Cpa Mba Education Details
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Distinction -
Acounting And Finance
Frequently Asked Questions about Richard Shaw B. Com Cpa Mba
What is Richard Shaw B. Com Cpa Mba's role at the current company?
Richard Shaw B. Com Cpa Mba's current role is CFO & CompSec | ASX Compliance | Turnaround | Business Scale Up | M&A | Capital Rasing | IPO | High Volume Billing Operations | Strategic Planning for Emerging Businesses.
What schools did Richard Shaw B. Com Cpa Mba attend?
Richard Shaw B. Com Cpa Mba attended University Of Technology Sydney, University Of Tasmania.
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