It has been announced that IDP CEO Andrew Barkla will step down in September. He has served in that position since 2015. This means that both ETS and IDP will be getting new leadership around the same time.
Barkla made headlines in 2019 when he became the highest paid CEO in Australia, earning about 38 million dollars in compensation.
The bottom line is that Barkla’s tenure as CEO has been an astounding success. He took the company public in 2015 with a value of $3.40 per share, and brought it to a high of $38.88 in November of last year. Everyone involved has made a lot of money.
That said, I can’t help buy wonder why the IELTS didn’t get a permanent computer based version until 2017, and why it still doesn’t have a home edition. That sort of technological tardiness has surely cost the firm some amount of shareholder value over the past few years.