Ex-CBA boss Narev to lead job website Seek | Ralph-Lauren

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Former Commonwealth Bank boss Ian Narev will take the helm of jobs website Seek, with chief executive Andrew Bassat moving to a new role.

Seek on Tuesday said Mr Narev, who has led its Asia Pacific and Americas operations since joining two years ago, will take the top job on July 1.

Mr Bassat, who co-founded the company 23 years ago, will take on the full-time role of executive chairman and chief executive of Seek Investments.

He will remain a director of Seek.

The company reported an eight per cent dip in first-half net profit after tax to $69.7 million.

Sales fell by six per cent as employers postponed hiring staff amid the uncertainty of the pandemic.

Shareholders will not receive an interim dividend. The previous interim dividend was 13 cents per share, fully franked.

However the company said it would pay a dividend prior to reporting full-year earnings in August.

Seek also said it intends to repay $9.8 million in government COVID-19 assistance, mostly the JobKeeper wage subsidy.

Shares were down 5.24 per cent to $28.75 at 1152 AEDT.



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