Allely has spent the past 12 years with the country’s biggest print group, first as chief financial officer before taking on the interim chief executive role when former chief executive Brian Evans left in January 2009.
He was appointed full-time chief executive of the billion-dollar print group in April 2009.
Allely oversaw a significant turnaround at the print group.
Although he took on the role of chief executive during a period of major disarray over flaws in distribution in 2009, his “transformation” plan bore fruit in the 2009/10 and 2010/11 financial years.
The performance saw him named a deserving number one in last year’s ProPrint Power 50.
CLICK HERE TO NOMINATE THE 2012 PROPRINT POWER 50.
However, the dramatic pressures in this financial year have not been kind to PMP, which posted a $24.5 million loss for the 12 months to 30 June 2012.
The company is now downsizing its press fleet from 21 machines down to 15 as instability continues across its core markets of publishing and retail catalogues.
The group announced Allely’s resignation to the Australian Securities Exchange this afternoon, and soon after he told ProPrint that his departure was a personal decision and not a symbol of the company’s recent performance.
“When I made my decision, the board tried desperately to talk me out of it. I have a great relationship with my board and we have enormous respect for each other.
“I do not come to this decision lightly. I make the decision based on the best interests of the company. It has been really, really hard. I have a wonderful relationship with the board, with the staff and with our clients.”
According to the statement on the ASX: “Mr Allely’s contract runs until 30 June 2014 and he is required to give at least six months’ notice of his intention to leave. Mr Allely stated: ‘I want to further my career as a non-executive director and I believe that by giving 12 months’ notice I have given the board the time to manage a smooth transition to my successor.'”
In the past year, PMP executive general manager of print Andrew Williams and Graham Plant, executive general manager of PMP Digital, both parted ways with the group.
Allely told ProPrint there were still at least two successors within PMP’s management that he would recommend.
He told ProPrint he was looking forward to continuing his career as a non-executive director within the industry.
CLICK HERE TO NOMINATE PEOPLE FOR THE 2012 PROPRINT POWER 50.
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