Braveheart Investment Group has announced a reshuffle of its board in a move that will see its current chief financial officer step down.

The Perth-based investor said CFO Aileen Brown role would be assumed by the two, non-board members of its accounts team “following a review of its management structure and cost base that “identified a number of synergies and cost savings”.

Jennifer Kennedy ACCA (financial controller) and Kevin Brown (company accountant), who have been with Braveheart for 13 years, will take on the outgoing finance boss’s duties.

A Braveheart statement said: “Geoffrey Thomson, chief executive officer, will take overall responsibility for oversight of the accounting function. Kevin Brown is taking up the role of Company Secretary.”

The changes are effective immediately.

It was announced in the firm’s interim results, that non-executive director, Ken Brown, stepped down on 31 March having served for seven and a half years.