Leadership Transition Announcement

Dynamic Group Holdings Limited (ASX: $DDB) has announced a leadership transition with the resignation of Chief Executive Officer Geoff Newman. Executive Director Matt Freedman will succeed Newman as the new Chief Executive Officer & Managing Director, effective from 5 April 2024. Newman's departure follows his significant contributions to the company since his appointment in February 2023, driving integration of business units and realizing efficiencies. Freedman, who has been with the company since 2018, played a key role in the company's IPO in 2020 and its acquisitions. The transition marks a pivotal moment for Dynamic Group as it looks towards a new phase of growth.

Executive Commentary on Transition

On behalf of the Dynamic Group Board, Non-Executive Chair Garret Dixon expressed gratitude to Geoff for his structural contributions to the company, positioning it for sustained value creation. Dixon also conveyed the board's anticipation in supporting Matt Freedman's transition, highlighting his extensive involvement across all company functions and his readiness to lead the team. Executive Director Matt Freedman expressed enthusiasm for the company's future, emphasizing the importance of supporting the team and achieving the best outcomes for both employees and shareholders.

Summary of Leadership Transition and Outlook

Dynamic Group Holdings Limited (ASX: $DDB) has undergone a significant leadership transition with the resignation of CEO Geoff Newman and the appointment of Executive Director Matt Freedman as the new Chief Executive Officer & Managing Director. Newman's departure follows his instrumental role in driving business unit integration and realizing efficiencies. Freedman, with his extensive industry experience, is well-positioned to lead the company into its next phase of growth. The company's focus on securing new projects and supporting its teams amidst challenging industry conditions reflects its commitment to sustained performance. As Dynamic Group looks towards the future, the transition marks a strategic move in its corporate strategy, aiming for a strong financial performance in FY2025 and continued value creation for its stakeholders.