Loss adjuster MYI Freemans yesterday held its first AGM since merging in August last year.

Chairman and Acting CEO David Ryan says the merged group’s financial results reveal “a significant achievement for our first year of operation and the immense scale and complexity of the merger we have all worked through”.

The company has moved from 60 independent small businesses working as part of a co-operative group to a single listed corporate entity. The Sydney-based company has more than 500 staff around the country.

Mr Ryan says the positive financial results of the year to date “demonstrate that the many changes and processes we have implemented are progressing the company in the right direction and beginning to achieve the planned results”.

“There remain… many areas of the organisation where we need to continue to achieve and improve,” he said.

MYI Freemans is still searching for a CEO to replace former Freemans CEO Martin Hartcher, who resigned in April.

Mr Ryan told insuranceNEWS.com.au at the time that “it will take a bit of time” to find a suitable replacement.