Tim Reed
Chairman
Tim currently serves as Interim CEO of Nitro and Managing Director of Potentia Capital, an Australian private equity firm that invests in and grows local software businesses. He is President of the Business Council of Australia (BCA), a role he assumed in 2019, having sat on the BCA Board since 2017. Tim is also a Non-Executive Director of Transurban Ltd.
Prior to assuming these roles, Tim spent 12 years as CEO of MYOB, a leading provider of online accounting, payroll and tax solutions to SMEs and their advisers. During Tim’s tenure, MYOB was regularly named as one of Australia’s most innovative companies, was awarded the prestigious Canstar award for a best in category product, doubled team engagement, and saw small business subscribers grow eightfold to over 800,000 and enterprise value grow sixfold to over $2.5bn.
In earlier years, Tim’s career spanned the markets of Asia, Europe and the USA, including eight years in Silicon Valley. During this time, Tim was a Founding Member of the Internet Advertising Bureau where, along with other internet pioneers, he wrote the first set of advertising measurement standards for the web.
Tim holds a Master of Business Administration from Harvard Business School, where he graduated as a Baker Scholar, and a Bachelor of Commerce from the University of Melbourne, where he graduated with first class honours in Economics.
Tim joined Potentia as Chair of the Advisory Board in 2016 and then in a full-time capacity in 2020. Prior to Potentia, Tim spent 20 years in operational management roles in software businesses, including most recently 12 years as the CEO of MYOB, a leading, Australian provider of online tax, accounting and business management solutions to small and medium businesses and accountants in public practice. Over this time, Tim led the business through two successful periods of private equity ownership, including working with Andrew Gray when MYOB was majority owned by Archer Capital. Tim is also currently the President of the Business Council of Australia.