Swift Media Limited announced transition of key management personnel. The Company and its Managing Director and CEO, Xavier Kris, have mutually agreed that Mr. Kris will step down as Managing Director and CEO when his existing contract ends on 30 June 2019. Swift has commenced a search for a new CEO, and notes that it is also making progress in appointing a new independent Non-Executive Chairman following the Non-Executive Chairman, Mr. Carl Clump, having stepped down from the Board of Directors in February 2019.

The Board is confident of securing the best available talent to lead the Company in the coming months. Mr. Kris will remain engaged as Interim Executive Chairman until 30 September 2019 or the appointment of a new Chairman, whichever is the earlier date. He will also continue to provide general commercial consulting services to the Company until 31 December 2019 in order to facilitate knowledge transfer, management transition and assist in Swift's continued development.