Join our daily newsletter At The Bell to receive exclusive market insights
- FirstWave Cloud Technology (FCT) appoint Danny Maher as CEO
- He will take over from the current executive chairman and interim CEO John Grant, who will continue as Chairman in a non-executive capacity, from next week
- According to the terms of the employment contract, Mr Maher will receive a fixed salary of $360,000
- FirstWave advises he has over 25 years experience in the IT industry across numerous regions including the USA, UK, Asia, and Australia
- Shares are trading in the grey at 7 cents
Cybersecurity company, FirstWave Cloud Technology (FCT) has appointed Danny Maher as CEO.
He will take over from the current executive chairman and interim CEO John Grant, who will continue as Chairman in a non-executive capacity, from next week.
According to the terms of the employment contract, Mr Maher will receive a fixed salary of $360,000. He may receive short term incentives as determined by the board, based on performance against targets. Superannuation will be provided at the minimum requirement by law.
Mr Maher has over 25 years of experience in the IT industry across numerous regions including the USA, UK, Asia, and Australia.
He established Opmantek, a developer of cloud-enabled automated enterprise network management and IT audit software.
He co-founded, Netstar where he led and built the Global Managed Services business in Sydney, expanding its clients in 42 countries.
Mr Maher studied a double major in computing and a minor in marketing at the University of Canberra.
Mr Grant believes the appointment will be beneficial for the company.
“It’s very good news for FirstWave shareholders to have Danny take up the role of CEO,” he said.
“He brings terrific experience in commercialising software from Australia globally, and the thinking and approach of a founder through his significant shareholding in the company.”
Shares were trading in the grey at 7 cents at 1:55 pm AEDT.
