DXN (ASX:DXN) - Departing CEO, Matthew Madden
Departing CEO, Matthew Madden
Source: DXN
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  • DXN’s (DXN) CEO and Managing Director Matthew Madden has resigned after joining the team in late 2019
  • He has decided to leave to spend time with his family and pursue other career opportunties
  • DXN has now announced Shalini Lagrutta as its new CEO
  • She joined the team in February 2019 as Global Head of Sales and Marketing and has been important in the company’s growth of modular data centre sales
  • On the market, DXN was down 12.5 per cent to 0.7 cents at the end of the trading day

Pre-fabricated modular Data Centre specialist DXN’s (DXN) CEO and Managing Director Matthew Madden has left the company.

Mr Madden has handed in his resignation after joining the team in late 2019 to spend time with family and pursue other career opportunties.

“The board would like to thank Matthew for his dedication and unwavering efforts in supporting the company’s turnaround and for helping position DXN for future success,” the company said.

DXN has now announced Shalini Lagrutta as its new CEO. She joined the team in February 2019 as Global Head of Sales and Marketing and has been important in the company’s growth of modular data centre sales.

Ms Lagrutta has had a successful track record in telecoms and data centre industry for over 20 years.

Prior to joining DXN she was APAC Head of Sales for seven years at Flexenclosure AB.

“I look forward to continuing to work with the fantastic team we have assembled at DXN to further grow the business, leverage its significant core assets and capabilities, and continue to build on the reputation DXN has become renowned for,” she said.

“The board are excited to have Shalini step into the role of CEO to ensure a
smooth transition and allow DXN to successfully deliver on the next phase of our development strategy,” Chairman John Baillie added.

Ms Lagrutta is currently paid a base annual remuneration of $300,000 plus statutory superannuation contributions, which is capped at $27,500 per annum.

On the market, DXN was down 12.5 per cent to 0.7 cents at the end of the trading day.

DXN by the numbers
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