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Veem Ltd (ASX:VEE)

ALERT: Price-sensitive ASX Announcement for VEE
Current share price for VEE : $0.510 -0.04 (-7.27%)+
Announcement
Release
27 Jul 2026 9:56AM
Price at Release
$0.550
Full Release
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Summary
VEEM Limited announced that Trevor Raman has decided to step down as Chief Executive Officer to pursue other career opportunities. He will remain with the company temporarily to ensure a smooth transition to the Managing Director, Mark Miocevich. VEEM continues to focus on growth in FY27, particularly in propulsion, advancing VEEM Extreme, entering the US Defence sector, and releasing new gyrostabiliser models. The announcement was authorized by Managing Director Mark Miocevich, who expressed gratitude for Trevor's contributions and excitement for future projects.
Key Points
  • Trevor Raman to step down as CEO of VEEM Limited.
  • Transition period for Trevor Raman as he hands over to Mark Miocevich.
  • Mark Miocevich to continue as Managing Director, focusing on FY27 growth.
  • FY27 initiatives include propulsion, VEEM Extreme, US Defence entry, and gyro stabilisers.
  • Announcement authorized by Managing Director Mark Miocevich.
  • Gratitude expressed for Trevor Raman's contributions.
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.