- Appen (APX) appoints Armughan Ahmad as its CEO and President, effective from January 30, 2023
- He will replace current CEO and Managing Director Mark Brayan, who will remain with the company until February 28, 2023, to ensure a smooth leadership transition
- With over 25 years of global experience in the tech industry under his belt, Mr Ahmad has led product, sales and services organisations at major companies such as Hewlett Packard and KPMG
- Mr Ahmad’s remuneration package includes a US$600,000 (A$875,000) salary, and he will be based out of the company’s offices in North America
- Shares in Appen are up 1.93 per cent to $2.64 at 12:21 pm AEDT
Appen (APX) has appointed Armughan Ahmad as its CEO and President, effective from January 30, 2023.
Mr Ahmad will replace current CEO and Managing Director Mark Brayan, who will remain with the company until February 28, 2023, to ensure a smooth leadership transition.
With over 25 years of global experience in the tech industry under his belt, Mr Ahmad has led product, sales and services organisations at major companies like KPMG, Dell Technologies, and Hewlett Packard.
Appen said in Mr Ahmad’s most recent role as Managing Partner of Digital at KPMG Canada, he oversaw the firm’s services to product shift by delivering “exponential technology-based market offerings” to accelerate industry sector-focused digital transformation for customers.
APX Chair Richard Freudenstein said the board was “excited” by Mr Ahmad’s appointment and was looking forward to working with him to drive the Appen strategy in 2023 and beyond.
“As we scale Appen to its next phase of growth, the board felt it was important to appoint a successor with deep technology expertise in international markets,” Mr Freundenstein said.
“Armughan is an outstanding candidate and is ideally suited to be the next CEO of Appen.”
Mr Freudenstein also thanked Mr Brayan for his leadership over the last seven years, having driven the business from around $60 million in revenue in 2015 to more than $440 million in revenue in 2021.
Mr Ahmad’s remuneration package includes a US$600,000 (A$875,000) salary including Australian superannuation.
He will be based out of the company’s offices in North America.
Shares in Appen were up 1.93 per cent to $2.64 at 12:21 pm AEDT.