Nitro Software Limited appointed Timothy John Reed as Director. Date of appointment is 29 March 2023. The departures of Co-Founder and Chief Executive Officer, Mr. Sam Chandler, who will also leave the Nitro Board, and Chief Financial Officer, Ms. Ana Sirbu will have no impact on the Potentia Takeover Offer.

In addition to being a Managing Director of Potentia, Mr. Reed is President of the Business Council of Australia and a Non-Executive Director of Transurban Group. Prior to Potentia, Mr. Reed served as Chief Executive Officer of MYOB. During his 12-year tenure, MYOB was regularly named as one of Australia's most innovative companies, saw small business subscribers grow eightfold to more than 800,000 and enterprise value grow sixfold to more than AUD 2.5 billion.

Mr. Reed's career has spanned US, European and Asian markets, and includes eight years in Silicon Valley.