Updated: Renaissance CEO steps down, takes CFO role at Kordia

Shaun Rendell is appointed chief financial officer at Kordia

Shaun Rendell, who has been the CEO of Renaissance since Richard Webb left the company late last year, has left the company to take the role of chief financial officer at Kordia. Rendall will leave Renaissance on August 31 and begin at Kordia on September 3. He will replace outgoing executive Roger Jarrold who left Kordia in mid-July to take the role of Downer New Zealand CFO. Prior to Renaissance, Rendell worked in senior roles in telecommunications in New Zealand and the UK. Kordia CEO Geoff Hunt says Rendell's appointment will help continue Kordia's shift towards becoming more "telco-orientated".

Renaissance chairman Colin Giffney announced Rendell's departure to the NZX yesterday. "The Board of Renaissance thanks Shaun for his contribution through a tumultuous period for the Company and wishes him well in his new position," Giffney says.

The company has appointed Ron Halls as CEO on a temporary basis until a new appointment is made.

Following the announcement of Webb's exist in November last year, the company posted losses of nearly $4.4 million (in the 12 months to September 30) on a total revenue of $182 million.

Renaissance has since sold its distribution division to Exeed, a transaction approved last month.

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