Ann: Appointment of Sean Hehir as CEO, page-553

The market’s disappointment yesterday with the choice of Sean Hehir for CEO has likely nothing to do with his capabilities. I have no doubt he is very hard working, diligent, ambitious and will try his utmost to make Brainchip succeed.

BRN’s success will ultimately be determined more by Akida’s capabilities than Sean Hehir’s. At this point, the jury is still out as to whether the Akida technology is mature enough for it to be a commercial success.

I think it more likely the market was disappointed with the choice for CEO for the following reasons:

- If the Akida technology is so revolutionary and is going to change the world, why did it take so long to find a CEO?
- If the Akida technology is so revolutionary and is going to change the world, why was the ultimate choice of CEO someone with no proven CEO experience and a rather low profile?
- If the Akida technology is so revolutionary and is going to change the world, why did high profile, visionary tech leaders not jump at the chance to become CEO and lead this revolution?

Perhaps this CEO appointment was a reality check for the market and doubts began to creep in as to whether the Akida technology is as revolutionary and world changing as uprampers here claim…