Paladone Group Holdings has announced the appointment of Jim Downey as chief executive officer (CEO).
He joined the company as chief financial officer in April 2022, and was promoted to the chief operating officer role in January 2023, before being appointed as CEO on March 24.
With more than 25 years’ experience, Jim has an extensive background in a variety of executive and leadership roles. He has worked internationally throughout his career, including leading international expansion projects, and has extensive experience in M&A (mergers and acquisitions) and successfully transitioning companies through growth.
Jim succeeds Graeme Carr, who announced his intention to retire in December 2022 after an 18-year tenure as CEO, during which he transformed the business from a small domestic gift firm into what is today: a fast-growing consumer products company with sales in over 70 countries. Graeme will remain with Paladone until June 30 in an advisory role to support a smooth transition.
Paladone chairman George Jones said: “I’m delighted that Jim is taking the position as our new CEO. The board believes Jim is a great fit for Paladone, with the combination of skills and experience to lead the business through its next strategic phase. On behalf of the board, I thank Graeme for his many years of service to the company and wish him all the best in his retirement.”
Incoming CEO Jim Downey commented: “I’m delighted to be stepping into the CEO role at Paladone. Since joining as chief financial officer in April 2022, I’ve been extremely impressed with the passion, drive and creativity of our fantastic global team, and I’m thrilled to be leading the business on this next exciting chapter.”