RPM Automotive Group Limited (ASX:RPM) has appointed Mr Matthew Smith as Managing Director and Chief Executive Officer of the company, with the appointment taking effect from 1 November 2026, the company disclosed on 2 November 2026.

Key Points

  • Matthew James Smith appointed Managing Director and CEO effective 1 November 2026
  • Fixed remuneration of $300,000 per annum plus statutory superannuation
  • Short-term incentive target of 35% of fixed remuneration ($105,000), payable in cash subject to Board-determined performance measures
  • Smith has served as Managing Director and CEO of Marathon Consolidated Limited since 2014
  • No long-term incentive has been agreed at the time of appointment

Background and Experience of Matthew Smith

According to the filing, Mr Smith brings more than 20 years' experience across business, financial services and investment markets. Since 2014, he has served as Managing Director and Chief Executive Officer of Marathon Consolidated Limited, an unlisted public company with interests in tyre retailing, food and packaging. He also serves as a Non-Executive Director of MBL Food & Packaging Limited, where the company's revenue grew from approximately $22 million to more than $75 million during his involvement. Mr Smith holds a Bachelor of Commerce majoring in Accounting and Finance, has previously lectured in finance and investment subjects at James Cook University, and is a Member of the Australian Institute of Company Directors.

Remuneration Package Terms

The Board approved fixed remuneration of $300,000 per annum plus statutory superannuation for Mr Smith's role. A short-term incentive with a target opportunity of 35% of fixed remuneration excluding superannuation, equating to $105,000, is payable in cash subject to the achievement of agreed performance measures and objectives determined by the Board, and the Board's discretion. For FY27, the STI applies pro rata from the commencement date. No long-term incentive has been agreed at this time, with any future LTI to be discussed and agreed with the Board, and any issue of securities subject to shareholder approval under ASX Listing Rule 10.14.

Appointment Terms and Termination Provisions

The appointment is on an ongoing basis with no fixed term and no probationary period. During the first six months following commencement, either Mr Smith or the company may terminate employment by giving one month's written notice. After the first six months, Mr Smith may terminate by giving three months' written notice, and the company may also terminate without cause by giving three months' written notice at any time. The company may elect to make payment in lieu of all or part of the notice period. No other termination payments apply, other than accrued entitlements and any amounts required by law. The Initial Director's Interest Notice discloses that Mr Smith holds nil securities in RPM Automotive Group at the date of appointment.