Airtasker Announces CFO Transition: Mahendra Tharmarajah to Step Down, Reena Minhas to Take Helm in August 2026

Mahendra Tharmarajah to Depart After Four Years Leading Airtasker's Finance Team

Mahendra Tharmarajah has confirmed his resignation as Airtasker Limited's Chief Financial Officer and Company Secretary, effective 30 September 2026. He will remain in both positions until that date to oversee the FY26 financial statements and ensure a smooth handover. Airtasker Co-Founder and CEO Tim Fung praised Tharmarajah’s trusted partnership with management and his role in strengthening the company’s finance function and governance during a pivotal growth phase.

The transition plan prioritizes the orderly completion of year-end reporting. Tharmarajah’s four-year tenure coincides with significant expansion and operational growth for Airtasker. The Board emphasizes the importance of continuity during this critical financial reporting period, with Tharmarajah staying through the third quarter of 2026.

Reena Minhas Joins Airtasker with Extensive ASX Financial Leadership Experience

Reena Minhas will join Airtasker on 3 August 2026 as Chief Financial Officer and Company Secretary. She brings over two decades of financial leadership, including 17 years serving as CFO and Company Secretary for ASX-listed companies, providing deep expertise in public company governance, reporting, and capital management aligned with ASX standards.

Minhas started her career at PwC and KPMG, qualifying as a Chartered Accountant with experience in audit, assurance, and transaction services. She has held CFO and Company Secretary roles at IMEXHS Limited, Konekt Limited, ILH Group Limited, and Energy One Limited. Notably, she managed Konekt’s acquisition by APM, showcasing her mergers and acquisitions expertise. Her skill set includes capital management, M&A, debt and equity capital raising, investor relations, and corporate governance.

Deliberate Transition Period Ensures Business Stability Through FY26 Close

The transition features a four-week overlap from 3 August to 30 September 2026, during which Tharmarajah will collaborate closely with Minhas to facilitate a seamless handover. This approach ensures uninterrupted business operations, shareholder confidence, and regulatory compliance during the critical year-end reporting phase. The Board plans to confirm Minhas as Company Secretary following the successful completion of this transition.

This phased handover minimizes operational risks and allows Minhas to gain institutional knowledge under Tharmarajah’s mentorship, reflecting best practices for senior financial officer transitions in ASX-listed companies.

Reena Minhas’s Proven Track Record in Strategic Finance and Governance

Minhas’s appointment underscores the Board’s confidence in her ability to lead Airtasker’s finance and governance functions. She has a strong history of partnering with management to drive sustainable growth and has extensive experience navigating ASX regulatory requirements, disclosure obligations, and corporate governance standards. Her expertise in investor relations is particularly valuable for managing shareholder communications in a listed company.

Throughout her career, Minhas has collaborated with boards and leadership teams to execute strategic initiatives, strengthen governance, and align financial strategy with business goals to create long-term stakeholder value. This strategic focus positions Airtasker to advance its medium-term objectives while maintaining robust financial controls.

Airtasker’s Business Model and Growth in Australia’s Online Services Market

Airtasker Limited operates as Australia’s leading online marketplace for local services, connecting those needing work done with flexible workers. Since its 2012 launch, Airtasker has facilitated over $1 billion in jobs and completed 5 million tasks globally. The platform has paid out more than $774 million to Australian Taskers after fees, highlighting its role as a key income source for flexible workers nationwide.

The company’s commission-based model supports its mission to empower people to maximize their skills’ value. Airtasker aims to positively influence the future of work by creating flexible earning opportunities amid the evolving AI era. In 2025, Airtasker expanded brand visibility by partnering with the Visa Cash App Racing Bulls Formula One Team (VCARB).

Significance of CFO Change for ASX-Listed Marketplace Operators

Changing CFOs at an ASX-listed company impacts investor confidence, financial reporting quality, and capital management strategies. For Airtasker, appointing a CFO with extensive experience in listed company finance, capital raising, and governance is crucial given its scale and public market presence. Minhas’s expertise in debt and equity capital raising is particularly relevant if Airtasker pursues growth through acquisitions, market expansion, or platform upgrades requiring external funding.

The appointment also reflects evolving governance standards for digital marketplace operators on the ASX. CFOs now need expertise in digital economy metrics and technology-driven business models. Minhas’s diverse industry background and governance experience equip her to provide disciplined financial oversight while supporting strategic initiatives. The Board’s confidence in her signals alignment with Airtasker’s next development phase.

Minhas’s Core Expertise Supports Airtasker’s Growth and Strategic Priorities

Reena Minhas brings expertise in capital management, mergers and acquisitions, debt and equity capital raising, and investor relations—areas directly aligned with Airtasker’s operational and strategic goals. Her successful management of Konekt’s acquisition by APM demonstrates her ability to navigate complex transactions. This expertise is valuable for potential strategic acquisitions, partnerships, or capital structure optimization.

Her investor relations skills are critical for maintaining transparent communication with shareholders in a listed environment. The company update highlights her focus on aligning financial strategy with business objectives to deliver sustainable, long-term value. Additionally, her governance experience is expected to enhance Airtasker’s financial controls and reporting frameworks.

Investor Outlook and Market Impact of Finance Leadership Transition

While immediate share price effects remain unclear, the structured transition with a four-week overlap and focus on continuity may alleviate uncertainty typically linked to senior financial officer changes. Tharmarajah’s continued role through FY26 financial statement completion indicates the Board’s commitment to risk mitigation during year-end reporting. Investors should monitor the handover’s success, communications from the new CFO, and any updates to financial guidance or capital management strategies following the transition.

Minhas’s capital raising background may signal potential growth investments, platform enhancements, or market expansion requiring external financing. Conversely, her governance expertise might indicate a focus on operational efficiency, margin improvement, or balance sheet optimization. Confirmation of her permanent appointment as Company Secretary after the transition will mark the conclusion of this leadership phase and reflect the Board’s confidence.

Airtasker’s Role in the Gig Economy and AI-Driven Flexible Work Landscape

Airtasker operates at the nexus of Australia’s expanding gig economy and the evolving nature of work shaped by artificial intelligence. The company’s mission is to foster truly flexible work opportunities and income sources amid rapid AI-driven change. This CFO transition occurs amid industry shifts where financial leaders must grasp marketplace economics alongside automation, AI task matching, and shifting worker preferences.

Minhas’s experience across industries and technology transformation initiatives suggests the Board aims to strengthen financial oversight of technology investments and strategic positioning. For Airtasker, competitive advantage increasingly relies on platform technology, user experience, and efficient worker-task matching. The new CFO’s role in enabling technology investment, assessing capital deployment returns, and ensuring financial sustainability of innovation is critical. Her background equips her to balance financial discipline with the investment needs of a maturing digital marketplace.