Oct 13 (Reuters) - iSelect Ltd ISU.AX :
* New CEO and receipt of non-binding acquisition proposal ISU.AX
* Says alex stevens resigns as CEO
* Says iSelect has appointed iSelect commercial director Scott Wilson as chief executive officer
* Says receipt of non-binding acquisition proposal
* Received proposal from international private equity firm to acquire all of shares of iSelect via a scheme of arrangement
* No certainty that proposal will result in binding offer or whether such offer would be recommended by the board of iSelect
* If the proposal does not proceed, the board intends to implement a range of capital management initiatives, including an on-market buy-back
* Says process is ongoing and may take several weeks
* Considers that it would be imprudent to initiate buy-back until completion of due diligence and negotiations with potential bidder
* Source text for Eikon ID:nASX6kmH6y