AUCyber Limited has announced a significant reshuffle of its leadership team, appointing Chris Wright as CEO and welcoming three new non-executive directors, signaling a strategic pivot for the cyber security firm.
- Chris Wright appointed as CEO, bringing extensive cyber security and tech leadership experience
- Multiple board resignations including Executive Chair and two Non-Executive Directors
- New appointments: Joseph Demase as Chair, Hugh Robertson and Conrad Morgan as Non-Executive Directors
- Adam Gallagher appointed as Company Secretary, replacing Theo Tragoudistakis
- Board signals commitment to growth and shareholder value amid leadership changes
Leadership Overhaul at AUCyber
AUCyber Limited (ASX: CYB), a prominent player in Australia's cyber security and sovereign cloud services sector, has announced a comprehensive reshuffle of its executive and board leadership. Effective 18 February 2025, Chris Wright steps in as the new Chief Executive Officer, marking a pivotal moment for the company’s strategic direction.
Wright arrives with a robust background in technology leadership, having served as CTO and CISO at ASX-listed 5G Networks Limited and founded Security Shift. His expertise spans cyber security, IT infrastructure, and product management, positioning him well to steer AUCyber through its next growth phase.
Board Resignations and New Appointments
The leadership changes come alongside notable departures: Executive Chair Catherine Reid, and Non-Executive Directors Craig Scroggie and Ross Walker have all resigned. These exits clear the way for fresh perspectives on the board, with Joseph Demase appointed as Chair and joined by new Non-Executive Directors Hugh Robertson and Conrad Morgan.
Demase brings over 25 years of telecommunications and technology experience, including leadership roles at 5G Networks Limited and involvement in multiple ASX listings. Robertson adds depth in finance and corporate markets, with a focus on equity capital markets and M&A, while Morgan contributes three decades of strategic consulting expertise, particularly in governance and risk management.
Company Secretary Transition
In parallel, Adam Gallagher has been appointed Company Secretary, succeeding Theo Tragoudistakis, who remains as CFO. This change reflects a broader leadership refresh aimed at strengthening corporate governance and operational execution.
Strategic Implications
The new leadership team signals AUCyber’s intent to accelerate growth and enhance shareholder value. Wright’s appointment, combined with the board’s new composition, suggests a focus on leveraging deep industry expertise to navigate the evolving cyber security landscape and capitalise on sovereign cloud infrastructure demand.
While the board is still finalising incentive structures for the CEO, the company’s commitment to transparent governance and strategic clarity is evident. Investors will be watching closely to see how these changes translate into operational performance and market positioning.
Bottom Line?
AUCyber’s leadership reset sets the stage for a strategic evolution—investors should watch for early signs of impact.
Questions in the middle?
- What specific short- and long-term incentives will be offered to CEO Chris Wright?
- How will the new board dynamics influence AUCyber’s strategic priorities and partnerships?
- What immediate operational changes can be expected under the new CEO’s leadership?