IBSA appoints ex- Ernst & Young Partner as Chairman

ibsa.com.au, a leading online retail venture company has taken its next significant step in its growth and expansion by appointing its inaugural Chairman.

Jeff McDermid, ex-Ernst & Young Partner was appointed Chairman to the IBSA board this month amidst the company's strong and continued growth in Australia and soon to be US. His appointment adds decades of experience to IBSA in corporate strategy, finance, accounting and corporate governance.

Gerrard Giummarra, Founder and Managing Director of IBSA was delighted to announce the news.

"Jeff has been a trusted advisor to the business for over a decade and he brings a wealth of knowledge and experience with him that we know will help deliver our strategic objectives over the next 3 years".

The appointment of Mr. McDermid to the IBSA board signifies the importance of structuring the company appropriately for continued growth. Earlier this year ex iSelect COO Justin Hanka was appointed CEO to IBSA adding a wealth of online experience to the leadership team.

Mr. McDermid says

"I am honored to be a part of this truly magnificent company. I have watched it grow from humble beginnings in my early advisory capacity, to a company that now ships over 50,000 products a month out of its Melbourne warehouse facility".

IBSA has grand plans in the online retail space. Its sophisticated ecommerce and warehousing capabilities enable it to efficiently roll out and operate a host of leading online stores. A complete overhaul of its technology soon to be launched will give IBSA significant scale.

Recently IBSA recorded over $50 million in total sales revenue and nearly 2 million product sales over the past decade.




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