Co-founder of Atomos, Jeromy Younger is returning as Managing Director and CEO, efficient instantly. Jeromy Younger was the Atomos CEO for over 10 years, retired from government duties in November 2021. Jeromy replaces Trevor Elborne who has resigned as CEO of Atomos.
Chances are you’ll properly do not forget that Jeromy made world headlines in mid-2021 for cruising into Queensland on a superyacht from Sydney throughout COVID lockdowns.
These Board and Govt adjustments are a part of a proposed broader recapitalisation course of which is able to embrace the lifting of the suspension in buying and selling of the Firm’s shares on ASX, additional particulars of which might be introduced to the market over the approaching weeks.
Above you may see the ASX announcement that was issued on the 4th of January.
There appears to be huge adjustments at Atomos after a current board restructuring as the corporate has additionally introduced that the Chief Monetary Officer (CFO), James Cody, has resigned to pursue different enterprise pursuits after nearly 7 years on the firm. Atomos will undertake a complete search course of to discover a substitute CFO.
In December, Atomos Restricted reported earnings outcomes for the complete 12 months (which ended on June 30) of 42.76 million AUD which was properly down on the earlier years gross sales of 73.28 million AUD. The online loss was AUD 61.06 million AUD which was greater than 50 million AUD increased than the earlier 12 months.
The Atomos Restricted share worth at present sits at simply 0.065 AU, however the inventory was suspended from buying and selling again in early 2023. Above you may see how a lot the inventory worth has fallen over the 1.5 years.
