The company announced the appointment of Kunwar Aditya (Addie) Saxena as its chief financial officer.
Saxena joined CIMET in September 2020 as the strategy adviser, where he led the capital raise process and executed the iSelect transaction for CIMET.
After successful completion of the iSelect transaction, Saxena has now assumed his new role effective immediately.
Reporting directly to the CEO of CIMET, Saxena is responsible for overall finance and strategy requirements at CIMET, including building a strong finance team, delivering corporate finance, accounts and taxation duties, and leading the finance and strategy teams to deliver a long term shareholder return.
He will further actively play a role in CIMET's ambitious growth strategy, expanding its product and technology offerings beyond just energy and broadband and into new sectors such as banking and finance, as well as expansion into international markets.
"We are thrilled to onboard Addie as the company's CFO. Addie has significantly contributed to the business since he joined as the strategy adviser last year and he is the perfect candidate to take on the role of CFO at CIMET," CIMET founder and CEO Ankit Jain says.
"[Saxena's] deep finance and strategy experience combined with his thorough understanding of the CIMET's business will be a valuable asset as we enter the next stage of growth.
"Addie's appointment will further enable CIMET to optimise and drive financial performance and ensure a focus on long term shareholder value."
"I am very excited to be joining CIMET's executive team and to be witnessing the massive growth that it offers," Saxena says.
"This role will be challenging and requires strong alignment through the organisation's growth trajectory in line with expectations from the strategic partner.
"I look forward to achieving the targets set by the company, and delivering long term ROI to its shareholders."