TechnologyOne appoints new Operating Officer, Corporate Services

Technology One Limited (ASX: TNE), a leading Australian provider of enterprise business software solutions has announced the appointment of Edward Chung to the position of Operating Officer, Corporate Shared Services.

The new position has been created to streamline the finance, accounting, administration, legal, human resources and other corporate functions which support TechnologyOne’s expanding business.

Formerly Chief Financial Officer for Queensland Rail, Edward has extensive experience leading large teams of professionals in the delivery of corporate support functions required to drive the success of a large organisation.

The new role of Operating Officer, Corporate Services at TechnologyOne has been created to support the company’s House of Products business model.

TechnologyOne recently restructured its business to drive greater focus for each product to be best in its class. This new business model enables each product to be managed as its own business division, focusing on the required Research & Development, Sales, Consulting and Support to be the market leader in its space, with common corporate support provided across all products.

Edward will be responsible for delivering shared corporate functions, including the finance, accounting, legal, human resources and administration functions, to all the TechnologyOne business. He is charged with developing commercial frameworks for the delivery of the most efficient, automated, low cost and complementary processes to drive the company’s expansion.

Edward said the breadth and level of the position attracted him to the role at TechnologyOne. "The company’s entrepreneurial spirit appeals to me," he said. "I am also impressed by the company’s business model, growth plans and its successful 20 year track record as one of Australia’s leading enterprise software companies."

TechnologyOne Executive Chairman, Adrian Di Marco said, "We are delighted to welcome Edward to our team. Edward is a highly experienced and passionate executive and he will be a great asset to the company. His appointment is part of the realignment of our business around a House of Products model, which will cement TechnologyOne’s position as the market leader in enterprise suite product functionality and service to our customers."

Edward joins TechnologyOne’s four existing Operating Officers who lead the company’s Consulting, Research & Development, Sales & Marketing and New Business Development areas.

TechnologyOne announced a record profit earlier this month, with Profit Before Tax increasing 22 per cent to $19.8 million.