iSelect appoints Alex Stevens as Chief Executive Officer

Melbourne, AUS - iSelect Limited (ASX: SU) today announced the appointment of Mr Alex Stevens as the Company's new Chief Executive Officer (CEO).

Alex joins iSelect with over 20 years of domestic and international executive experience and an outstanding record of high performance within the consumer product and finance sectors. Over the last 10 years he has held the position of either CEO or Managing Director. Prior to that he held various senior executive roles with broad ranging responsibilities, including marketing, sales, finance, strategy and IT.

Alex's most recent executive posting was as Managing Director of Fonterra Brands Australia (Fonterra) where he delivered record performance across several key brands and also the most profitable business division, resulting in a three-year performance significantly ahead of Fonterra's peer-group.

Prior to this, the majority of his time in the consumer product sector was spent with PepsiCo in Australia and the US, and his last role was as CEO of PepsiCo Australia and New Zealand, comprising four business units across snacks and beverages. During his time in this role Alex led the business to achieve successive years of record performance which was recognised by the group, winning the coveted PepsiCo Chairman's Award for global best performance on several occasions.

Prior to this Alex held various executive and analyst roles in the finance sector with UBS and JP Morgan.

Commenting on Mr. Stevens' appointment, iSelect Executive Chairman Damien Waller said, "Alex 's inspiring leadership style, experience and impressive track record of delivery within some of the world's most respected consumer goods companies gives the Board great confidence in his appointment."

"The international and domestic recruitment process we commenced towards the end of last year attracted strong interest from a number of very impressive candidates. It was the Board's unanimous view that Alex's strategic and operational abilities and expertise stood head and shoulders above all other candidates," Mr. Waller said.

Upon his appointment as CEO, Mr. Stevens said, I'm tremendously excited to be joining iSelect at this important stage of its evolution. The business provides a powerful value proposition for both consumers and product providers, has a great brand, an energized, winning culture and above all represents a wonderful and continuing growth opportunity.

"I believe the experience and skills I've gained through a diverse career with a number of leading global organisations, particularly focused on end-to-end consumer satisfaction, coupled with my passion for business excellence, is a terrific fit for the role of CEO at iSelect," Mr. Stevens said.