NewBook Appoints New CEO Following Recent Majority Stake Acquisition by Potentia Capital

Experienced digital growth CEO, former Senior Executive at eBay and, most recently, Managing Director at Autotrader/Carsguide, Shaun Cornelius has been appointed Chief Executive Officer for NewBook.

The move comes off the back of a period of strong growth for NewBook, a leading provider of booking and property management software for the accommodation industry.

Cornelius needs no introduction to the tech industry with extensive experience leading various high-growth digital companies, including Australian based startups. With an entrepreneurial spirit, Cornelius has worked in South Africa, London and San Jose starting with Deloitte and working for a venture capital fund before moving to eBay Australia. He went on to lead InfoChoice before founding insurance comparison site, Choosi and going on to leading several high growth businesses.

Backed by technology-focused private equity firm, Potentia Capital, the appointment of Cornelius as NewBook’s CEO is part of an ambitious growth strategy for the business.

Cornelius will lead NewBook into its next growth phase with further investment in development, customer support and go-to-market capabilities, ultimately catapulting NewBook’s global expansion.

“I am excited to be joining NewBook as we embark on the next chapter of growth. NewBook is a real success story with a passionate team and impressive customers who love the NewBook product. Holiday parks have such an important role to play for everyday people and I am looking forward to partnering with them. With the backing of Potentia the business has significant growth potential in Australia and overseas.” stated Cornelius.

Cornelius succeeds Founder and President, Brad Illich and interim CEO and Operating Partner at Potentia, Cheyne Tan at the helm. Both Illich and Tan remain with the NewBook family, with Illich continuing his role as Founder and President and Tan continuing as a board member and Director alongside Michael McNamara and Chairman of NewBook, Tim Reed.

“After conducting an extensive global search, we’re thrilled to welcome Shaun as the CEO of NewBook. Shaun’s experience in leading some of Australia’s best known digital brands and building world-class products that customers love will continue NewBook’s focus on customer-driven innovation” said Tan.

Cornelius will transition into the CEO role throughout August. He joins the Executive Team of Erin Stevenson, Dean Kelly, Nic Chin and Kate Dixon who combined, have over 30 years of accommodation industry experience.

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