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Humm Group Limited (ASX:HUM)

ALERT: Price-sensitive ASX Announcement for HUM
Current share price for HUM : $0.465 -0.2 (-30.08%)+
Announcement
Release
13 Mar 2026 10:54AM
Price at Release
$0.665
Full Release
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Summary
Humm Group Limited announced the appointment of its CEO, Mr. Angelo Demasi, to the Board as Managing Director. This decision aligns with the company's efforts to enhance governance, as previously committed to the Australian Takeovers Panel. Mr. Demasi, who joined the company in January 2024 and became CEO in May 2025, has been pivotal in driving strategic refresh and operational turnaround, including the launch of new products in consumer finance. The Board, chaired by Mr. Robert Hines, expressed confidence in Mr. Demasi's leadership and experience to further the company's growth and governance. Mr. Demasi expressed his honor and commitment to continuing the company's transformation while delivering sustainable value to stakeholders. The appointment includes a detailed employment agreement covering remuneration and incentive structure, reflecting the company's commitment to governance and strategic growth.
Key Points
  • Appointment of CEO Mr. Angelo Demasi to the Board as Managing Director.
  • Aligned with governance enhancements committed to the Australian Takeovers Panel.
  • Mr. Demasi joined in January 2024 and became CEO in May 2025.
  • Strategic refresh and operational turnaround under Mr. Demasi's leadership.
  • Board, chaired by Mr. Robert Hines, confident in Mr. Demasi's leadership.
  • Focus on growth strategy and delivering sustainable value.
  • Detailed employment agreement includes remuneration and incentives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.