InvestSMART

Prophecy International Holdings Limited (ASX:PRO)

ALERT: Price-sensitive ASX Announcement for PRO
Current share price for PRO : $0.080 0.006 (8.11%)+
Announcement
Release
27 May 2026 2:56PM
Price at Release
$0.074
Full Release
download
Summary
Prophecy International Holdings Limited announced the appointment of Jonathan Drake as the new Chief Executive Officer effective from July 6, 2026. This follows a thorough search process, and the transition is set to be seamless with the current interim CEO and Chairman, Ed Reynolds, continuing in his role until that date. Jonathan Drake brings extensive experience in enterprise software and strategic leadership, having previously held executive roles, including Co-CEO and CFO at Complexica. His appointment is seen as a strategic move to strengthen the company's leadership capabilities, focusing on expanding client relationships and driving sustainable shareholder value. Mr. Drake's remuneration includes a base salary with additional incentives based on performance, and he will participate in the company's Long Term Incentive Plan. The board believes his leadership will support the company's strategic growth and innovation goals.
Key Points
  • Jonathan Drake appointed as CEO effective July 6, 2026.
  • Ed Reynolds to remain interim CEO until Drake assumes role.
  • Drake previously held executive roles at Complexica.
  • Appointment aimed at enhancing leadership and strategy execution.
  • Drake's remuneration includes base salary, incentives, and equity plans.
  • The appointment strengthens strategic growth and innovation focus.
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.