Integrated Research (ASX:IRI) has appointed Ian Lowe as its new chief executive, a former executive for Adslot.
“Ian Lowe is a dynamic, innovative, passionate, and outcomes-driven leader with a deep understanding of the technology industry,” the company wrote on Wednesday.
IRI pointed to Lowe’s former status as CEO or Director for a number of listed and held companies including Adslot, EP&T Global and Opus Consulting.
“I am thrilled to join Integrated Research as the new CEO and look forward to working with the talented team to drive innovation and growth,” Lowe’s debut commentary to the bourse read.
“I am excited about the opportunities that lie ahead and am committed to building on the company’s strong foundation to drive success in the rapidly evolving technology landscape.”
John Ruthven will continue as CEO for Q1 of FY25; Lowe’s tenure kicks in on October 1st. The board thanked Ruthven.
Whether Lowe can return IRI to its lockdown high remains to be seen.
For one brief period, the stock nearly hit $5/sh in lockdowns as tech stocks became prominent, suddenly more highly valued in a world where nobody was leaving the house and interacting.
Skype, Zoom, and similar products all shot to immense popularity (before most of which found themselves sharply reversing through 2023.)
In late 2020, however, the company downgraded its guidance for a second time and since then the price has tumbled to 81cps today.
IRI last traded at 81cps.