Felix Group CEO Mike Davis Steps Down: Who’s Next to Lead?

Leadership Change at Felix Group

Felix Group Holdings Ltd (ASX – FLX) has announced a significant leadership transition with the resignation of its Co-Founder and CEO, Mike Davis, effective from the upcoming Annual General Meeting on November 12, 2025. Davis, who has been at the helm since founding the company in 2012, will remain involved as an advisor to ensure a smooth handover.

Under Davis’s leadership, Felix evolved from a niche online marketplace for construction subcontractors into a robust enterprise platform servicing major contractors across capital-intensive industries. His strategic vision propelled the company’s growth and successful ASX listing, as well as the recent acquisition of Nexvia, aimed at accelerating vendor monetisation.

Interim Leadership and Search for New CEO

In the interim, Felix’s Chief Financial Officer, James Frayne, who has served since 2014, will step up as Interim CEO. The Board has initiated a formal search for a new CEO, with a clear preference for a Brisbane-based leader to better align with the company’s operational needs and growth ambitions. Frayne will receive an additional monthly fee to reflect his expanded responsibilities during this transition period.

Chairman Michael Bushby expressed gratitude for Davis’s contributions, highlighting his pivotal role in shaping Felix’s strategic direction and operational success. Davis himself cited increasing travel demands and family commitments as key reasons for stepping down, while affirming his confidence in the company’s future trajectory.

Strategic Implications and Next Steps

The withdrawal of Resolution 4 concerning performance rights to Davis from the 2025 AGM underscores the finality of this leadership change. The Board’s focus now turns to identifying a successor capable of building on the strong foundations laid over the past decade and capitalising on Felix’s growth opportunities in the SaaS procurement management space.

Investors will be watching closely for updates on the CEO appointment process and any strategic shifts that may accompany new leadership. The company’s commitment to its vendor marketplace and enterprise platform remains central to its growth strategy as it navigates this pivotal moment.