Liberty Tax says it's promoting its vice president of finance, Nick Bates, to chief financial officer after the current CFO announced her resignation.
Bates, 37, will assume the job starting Jan. 1, 2018 and be paid $300,000 annually. Kathleen Donovan, who was paid $345,050 annually, announced her resignation in early November, a day after ex-CEO and company founder John Hewitt replaced two board positions he controls and another independent board member announced his departure. Donovan will remain a consultant until March 31, receiving $43,131 monthly, the company said.
Bates has been vice president of finance at Liberty Tax since October 2015. Prior to that, he worked at two companies where Donovan had been CFO: New Jersey-based Catapult Learning and MedQuist Inc. He was promoted to CFO at Catapult in February 2014 after Donovan left.
