MotorCycle Holdings CEO Succession and COO Appointment

MotorCycle Holdings Limited (ASX:MTO) has announced the retirement of Mr Dave Ahmet as Chief Executive Officer and Managing Director, with the appointment of Mr Matthew Wiesner as the new CEO, effective from December 2024. Additionally, Mr Michael Poynton has been appointed as the Chief Operating Officer (COO) of the Group with immediate effect.

Executive Commentary on CEO Succession and COO Appointment

The Board is confident that Matthew's expertise, vision, and strategic acumen will be invaluable as the Company strengthens its position in the market and pursues new opportunities for growth. Mr Wiesner expressed his excitement about joining the Motorcycle Holdings team and the company's prospects for development and growth in the evolving mobility industry. The Board also expressed gratitude to Mr Dave Ahmet for his outstanding service and leadership over the years, acknowledging his role in building the Company to be the leading motorcycle and accessories company in Australia.

Summary of CEO Succession and COO Appointment

MotorCycle Holdings has announced the retirement of Mr Dave Ahmet as CEO and Managing Director, with Mr Matthew Wiesner set to take over the role in December 2024. The appointment of Mr Michael Poynton as COO further signals a significant leadership transition within the company. The Board expressed confidence in the incoming CEO's ability to drive business growth and emphasized Mr Ahmet's continued involvement in shaping the company's strategic direction. The transition aims to ensure a smooth handover and sustained business performance, with a focus on growth and operational excellence.