- Spacetalk (SPA) appoints Simon Crowther as its new CEO and Managing Director
- Mr Crowther is an experienced technology executive with a proven track record of leading winning hardware and software companies
- He previously served as CEO of Nearmap, guiding the company’s “growth, international expansion and explosion in market cap”
- Mr Crowther says he is focussed on realising the full potential of the business and the team at Spacetalk
- SPA shares are up 74 per cent and trading at 4.7 cents at 2:49 pm AEDT
Spacetalk (SPA) shares skyrocketed on Thursday after the company announced the appointment of Simon Crowther as its new CEO and Managing Director.
He will begin his new role at the company on February 6, following an “extensive global search” for a new leader by the SPA team.
Mr Crowther is an experienced technology executive with a proven track record of leading winning hardware and software companies and guiding high-performing teams.
In the past, he assumed the roles of Managing Director at Yamaha Motor Ventures and Laboratory Silicon Valley in California.
Mr Crowther also served as CEO of Nearmap, an aerial imagery technology and location data company. He said Nearmap achieved more than 20 quarters of double-digit growth, significant IP generation, long-term competitive advantage and significant returns for shareholders during his tenure.
According to Spacetalk, Mr Crowther led Nearmap’s “growth, international expansion and explosion in market cap”.
“Simon’s track record at Nearmap is outstanding, and we are excited to see what he will achieve at Spacetalk,” Spacetalk Chairman Georg Chmiel said.
SPA’s acting CEO and Managing Director, Saurabh Jain, said the ability to attract someone of Mr Crowther’s reputation signalled the direction the company was heading.
“This is a testament to the huge opportunity ahead of Spacetalk to become a dominant player in the growing wearables market,” Mr Jain said.
The company also thanked Mr Jain for his time as interim CEO, and he will continue as a director of the company moving forward.
Mr Crowther said he was persuaded by the opportunity to build an “exciting business”.
“Spacetalk has an opportunity to make an impact for good as we help give children, parents, guardians, people aging in place, care recipients and their carers freedom to live their lives,” he said.
He said he was focussed on realising the full potential of the business and the team at Spacetalk.
SPA shares were up 74 per cent and trading at 4.7 cents at 2:49 pm AEDT.