Mayfield Childcare (ASX:MFD) Chief Executive Ashok Naveinthiran resigned, according to a Tuesday filing with the Australian bourse.
The board will immediately start searching for a new CEO, the filing stated.
The daycare center operator's shares surged 7% in recent Tuesday trade.
Price (AUD): $0.61, Change: $+0.040, Percent Change: +7.02%