Cochlear Limited announced the appointment of Stu Sayers as Acting CFO, effective from 1 January 2021. The permanent appointment of a CFO is expected by 30 June 2021. Stu has been the President, Services since July 2016, a business that generates around 30% of Cochlear's revenue, and has been a member of the Cochlear executive team since his appointment. Stu has a strong financial background and a wealth of experience in establishing and building customer focused technology and online businesses. Stu ran Amazon subsidiary Audible Asia Pacific, E*TRADE and Yahoo!7 in Australia and New Zealand. He previously held senior roles with ANZ, Procter & Gamble and McKinsey. Stu has a Bachelor of Economics and Accounting and an MBA from Wharton.