Technology One Backs CFO Despite Corporate Travel Woes

MT Newswires Live12-08 11:04

Technology One (ASX:TNE) confirmed confidence in Chief Financial Officer Cale Bennett, who was previously the global CFO of Corporate Travel Management (ASX:CTD), according to a Monday Australian bourse filing.

Bennett has been at TechnologyOne for over two years, the firm noted. Bennett is monitoring the current issues at Corporate Travel Management closely and told the firm that he is comfortable with his position and has the ability to continue leading the finance and corporate services teams, per the filing.

Corporate Travel's shares have been suspended from trading since August after it disclosed it had found material accounting errors over the previous years. It has also delayed the release of its results for the last financial year.

Technology One's shares added about 1% in recent Monday trade.

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