Succession and exit planning platform announces new CEO

Capitaliz has announced the appointment of Nic Foster as its new CEO.

Mr Foster will join the succession and exit planning platform — which measures, benchmarks and accelerates value creation for privately owned businesses while delivering succession planning advice at scale — after previously working as CEO for retail and design brand Coco Republic.

He also previously held executive leadership positions at Sony Australia and New Zealand, as well as PlayStation Australia and New Zealand.

Meanwhile Capitaliz has also confirmed the appointment of Paul Cilia to non-executive director.

Mr Cilia is a former executive director at Macquarie Bank where he served on the executive committee of the bank's business banking division and held a number of senior roles, including head of client acquisition and head of segment strategy.

“The right advice from a professional adviser could make a life-changing difference to a small business owner," Capitaliz founder Craig West said.

"These key appointments to the Capitaliz team will help get our digital platform and proven 21-step methodology in front of more advisers to help their clients appropriately value their businesses and ready them for exiting.”

The news comes just months after Mr West — who is also founder of Succession Plus — announced he would move into the role of executive chairman for the business succession and exit planning advisory firm to dedicate more time on Capitaliz following its launch last year.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.