Prior to joining Sandstone Technology Mr Phillipou held General Management roles in multiple organisations across the finance industry including Westpac and Bendigo Bank, as well as cofounding an innovative digital financial services disruptor, Lodex.
On this announcement, Mr Hall said, “When Michael first came to the organisation he brought with him a depth of experience that has made a significant impact for Sandstone across customer & staff engagement, governance and strategy.
“I am very much looking forward to the next phase for Sandstone under Michael’s leadership.”
Mr Phillipou commented, “I am thrilled and honoured to be appointed CEO of Sandstone Technology, a market leading financial technology company. Moreover, I am very excited to have the opportunity to lead the company through this next period of growth.
“Sandstone Technology is a global success story having established its roots within the Australian market in the mid-1990’s and now has a global reach with 40 customers across Australia, New Zealand, Asia and Europe.
“Sandstone Technology boasts an exceptionally strong track record of producing market-leading digital banking products (including lending origination systems) and an ultra-consistent track record of delivering complex transformation programs. These two factors combined, provide wonderful confidence to our customers that they’re in safe hands when it comes to not only future proofing their businesses to be able to grow in the most efficient & compliant way, but also de-risking any complex delivery program.
“I would like to pay homage to the co-founders and key stakeholders for their vote of confidence in this appointment and for their unwavering commitment to drive the organisation forward. I am looking forward to continue working with our committed people, valued customers and partners to build on the pillars of strength laid down before me.”
Mr Phillipou’s appointment will take immediate effect with Mr Hall continuing on in his capacity of Chairman.