Spacetalk leaps 40pc on CEO announcementEmma RapaportShare postFormer Nearmap CEO Simon Crowther will lead wearables communications provider Spacetalk as the company seeks a turnaround.“Simon’s track record at Nearmap is outstanding and we are excited to see what he will achieve at Spacetalk,” chairman Georg Chmiel said.Mr Crowther will relocate to Australia from Vancouver for the role.Former Spacetalk CEO and founder Mark Fortunatow’s contract was terminated with 12 months notice in October 2022. The termination was made immediate one month later with Saurabh Jain assuming the role of acting CEO.Spacetalk’s stock leapt 40 per cent on the news following a near 80 per cent decline over the past year.
AFR announcement up
SPA Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
