Three years after co-founding the agency, Simone Rennie has now formally taken over the helm at Rennie.
Introduced by Rennie’s chairman Tim Eddy, the appointment of Simone Rennie as CEO is available in sync with plenty of tweaks to the working mannequin, designed to accommodate Rennie’s steep development and put together the agency for its subsequent chapter.
Based by Simone Rennie and partner Matt Rennie in 2022, Rennie has since its inception grown quickly from a small Brisbane primarily based firm to a nationwide enterprise with nearly 80 employees. The award-winning agency has been a standout within the Australian market over the previous two years, rising regardless of a downturn within the consulting market.
Beforehand serving as co-CEOs, Matt now transitions to the newly created position of Chief Markets and Development Officer, and Simone take the helm as CEO, efficient instantly.
“This transfer is smart, and is one thing that Simone and Matt started discussing with the Board earlier this yr as an essential maturity step for the agency,” mentioned Eddy. “Splitting the CEO position from Markets and Development supplies clear path on these two important and linked areas of focus. It would additionally allow Simone to focus extra totally on the agency’s tradition and efficiency as we develop, which is completely important for our long-term success.”
“That is an thrilling time for Rennie – now we have a tremendous staff and tradition, an actual deal with excellence in consumer supply, and a supportive board,” mentioned Simone.
Simone Rennie and Matt Rennie
Subsequent development chapter
Alongside main the enterprise, Simone will spearhead the corporate’s bold plan for the approaching years. With backing of Pemba Capital Companions, which got here on board late 2023, Rennie goals to develop right into a 300-person advisory enterprise by 2028. That concentrate on is predicted to see Rennie flip to inorganic development someday within the coming interval to assist speed up its natural development path.
Plenty of different modifications have additionally been labored on to help its purpose, together with the hiring of Government Administrators, growth in service areas, and strengthening the inner features to help client-facing groups. “Over the previous few months, Matt and I’ve been working intently with the Board to get our consumer going through staff in place, and our inside enabling features prepared for an additional speedy yr of development,” famous Simone.
In the meantime, for Matt, the shift in focus to consumer and account structure is acquainted territory. Whereas finest recognized for offering power and infrastructure recommendation, Matt ran the markets operate internally for EY’s Technique and Transactions service line throughout 15 sectors globally throughout his tenure on the Large 4 agency, starting from authorities by means of to power and mining.
Each Simone and Matt will stay consumer going through, Simone throughout the power reform and ESG areas and Matt throughout the capital advisory panorama.
