Seek Completes Successful Migration to Centralized Tech Platform
Australian job advertiser Seek has successfully completed its multiyear migration to a centralized tech platform, finishing ahead of schedule and on budget. Chief Executive Ian Narev attributes much of the success to his previous experience at Commonwealth Bank.
Narev, who was previously head of private and business at Australia's largest bank, witnessed CEO Ralph Norris overseeing a similar transition at Commonwealth Bank. This overhaul involved replacing decades-old core systems at a cost of hundreds of millions of dollars. Taking inspiration from Norris, Narev admitted to adopting a similar approach for Seek's platform unification.
According to Narev, the key to Seek's successful unification was maintaining an unwavering focus and aligning the entire organization behind the project. In an interview with The Wall Street Journal, he stated, "I copied what I learned from Ralph Norris. I'm not proud: it was cut and paste."
Although Seek shares experienced a slight dip following a cut in full-year earnings guidance, Narev remains optimistic about the company's future. He believes that Seek's reinvestment in its processes will simplify operations and reduce costs, ultimately positioning the company for future growth.
Narev also emphasized that he does not place a significant emphasis on talking about his own legacy as CEO. He recognizes the contributions of the 1,000 people involved in Seek's platform unification and focuses instead on maximizing the benefits for the company over the coming years.
Stuart Condie
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