Former PMP boss Richard Allely has moved to California to join the board of a US-Australian finance company.

Source Financial announced it had appointed Allely as a non-executive director due to his "impeccable reputation for leading Australian and international companies".

Allely spent 10 years at PMP, first as chief financial officer and then chief executive, before departing in October 2012.

He served as group general manager of finance at Fairfax Media from 1999 to 2002 and previously held senior roles at Tenix, Boral and James Hardie.

Allely said he had not made a conscious decision to leave the print industry but had decided to go where his skills were best suited.

[Exclusive: Allely interview]

"My role on Source Financial is a non-executive board role which draws specifically on my finance and governance experience as a chief financial officer," he told ProPrint.

"I've decided to pursue a career as a non-executive director on boards of companies that need my skill set. I'm not focused on a particular industry sector as my skills and experience are quite transferable between sectors."

Allely also said he still kept an eye on PMP and was confident that his successor, Peter George, was "on track to deliver his stated [turnaround] plan".

"I'm a great believer in the print industry here in Australia and while there can be no doubt it will change to accommodate the shifts in demand, it will be around for a very, very long time."

Meanwhile, PMP's former executive general manager of marketing services, Anna Cicognani, has left the company. She departed in October after two years with PMP.

Cicognani and PMP declined to comment.

[Related: Ups and downs of PMP]

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