Reckon Limited announced that Clive Rabie is relinquishing his role as Managing Director after four years. This will be effective as of 1 May 2022. Mr. Rabie will then assume a position as non- executive director on the Reckon Board.

This marks the completion of Reckon's succession planning and the end of a period of mentorship for the Group CEO, Sam Allert. This transition is consistent with the Company's goal of optimising the Reckon Board ahead of the next phase of growth. Mr. Rabie's new role as a non-executive director will allow Reckon to reduce its corporate overheads, while still benefiting from Mr. Rabie's experience and ongoing guidance.

In addition to his non-executive responsibilities for Reckon, Mr. Rabie will continue to assist Reckon's USA leadership team on a number of initiatives including mergers and acquisitions, strategic initiatives, new product launches, and other growth opportunities in the USA through the Company's Legal Group.