The board of global luxury platform Cettire has confirmed that Rick Dennis will retire as a non-executive director and chair of the Audit and Risk Committee.
The Australian-born platform shared that Dennis has been a member of the board since the company’s public listing in 2020. Dennis said it is time for him to step away.
With Dennis’s exit at the end of this month, Cettire has appointed Rowan Lang to the board as an independent non-executive director. Lang has more than 20 years of experience as a principal, director and adviser across business operations and strategy, principal investments and corporate finance.
He previously served as executive director at Flagstaff Partners, a Melbourne-based corporate finance firm. Prior to Flagstaff Partners, he served with Investec Principal Investments, specialising in private equity investment and strategic business management.
Lang is a chartered accountant and holds a CFA.
In addition, Cettire confirmed that Jon Gidney has been appointed as the new chair of the Audit and Risk Committee. Alongside his extensive corporate advisory career, Gidney is a Fellow Chartered Accountant (FCA) and a graduate of the Australian Institute of Company Directors (GAICD).
“We would like to sincerely thank Rick for his long-term commitment to Cettire,” the board shared. “His guidance has been instrumental in navigating the business through its significant growth since 2020.
“We are pleased to welcome Rowan as a new independent director, bringing his significant expertise in strategy, corporate finance and governance to the board.”
This comes weeks after the luxury platform reported a statutory net loss of $1.05 million in the first half of FY26.
This follows its net loss after tax of $2.6 million reported in the full year FY25, and is down from a $4.7 million net profit in the first half of FY25.
The latest loss comes amid ongoing margin pressures, reportedly driven mostly by US trade policy. Cettire reported a delivered margin of $54.8 million, representing 14.3 per cent of sales. This was offset by significant increases in US duties costs, but buoyed by reduced discounting activity.