Spirit Technologies (ASX:ST1) - CEO and MD Julian Challingsworth
CEO and MD Julian Challingsworth
Source: CRN Australia
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Spirit Technology (ST1) appoints Julian Challingsworth as its new CEO and Managing Director, effective July 11
  • Mr Challingsworth replaces Sol Lukatsky, who stepped down after close to three years as Managing Director
  • The company says Mr Challingsworth’s experience as a “proven ASX listed CEO”, as well as his strong professional services and corporate finance background placed him as the ideal candidate to lead the company in its next phase of growth
  • As part of his employment agreement, Mr Challingsworth will be paid a $400,000 per annum salary plus 10.5 per cent in superannuation
  • Shares in Spirit Technology are steady on the market and end the day trading at 2.1 cents

Spirit Technology (ST1) has appointed Julian Challingsworth as its new CEO and Managing Director, July 11.

Mr Challingsworth replaced Sol Lukatsky, who stepped down after close to three years as Managing Director.

The company said Mr Challingsworth’s experience as a “proven ASX listed CEO”, as well as his strong professional services and corporate finance background placed him as the ideal candidate to lead the company in its next phase of growth.

Prior to his appointment, he was the Co-CEO of Tesserent (TNT) for three years before stepping down in November 2021.

Under his leadership, the company grew significantly through both acquisitive and organic means.

Before Tesserent, he served as Managing Director and a Partner of the Litmus Group for over 10 years and a board member and Partner of PPB Advisory.

The Board also acknowledged Julian Haber for supporting the company during the leadership transition period, in the role of interim Managing Director.

Mr Haber will formally conclude the role on July 11 and revert back to his previous role as CEO of Intalock, however, he will remain as an Executive Director on the Board.

As part of his employment agreement, Mr Challingsworth will be paid a $400,000 per annum salary plus 10.5 per cent in superannuation.

He has also agreement to purchase at least $75,000 each year in shares.

Shares in Spirit Technology were steady on the market and ended the day trading at 2.1 cents.

ST1 by the numbers
More From The Market Herald
MetalsGrove Mining (ASX:MGA) - Managing Director, Sean Sivasamy

" MetalsGrove Mining (ASX:MGA) begins soil sampling at Upper Coondina

MetalsGrove Mining (ASX:MGA) has begun a soil sampling program at its Upper Coondina lithium project in…
Bellavista Resources (ASX:BVR) - Non Executive Chairman, Mel Ashton

" Bellavista Resources (ASX:BVR) commissions second rig for Brumby, WA

Bellavista Resources (ASX:BVR) has commissioned a second rig to begin drilling at its Brumby zinc-silver-copper project…

" Sky Metals (ASX:SKY) encounters further tin mineralisation at Tallebung, NSW

Sky Metals (ASX:SKY) has reported further tin mineralisation at its Tallebung tin project in New South…
Spectur (ASX:SP3) - Managing Director, Gerard Dyson

" Spectur (ASX:SP3) raises $1.15m in SPP

Spectur (ASX:SP3) has raised $1.15 million through a security purchase plan (SPP) and shortfall offer.