Technology One (ASX:TNE) elevates CEO Edward Chung to Managing Director role

• Technology One (TNE) appoints CEO, Edward Chung, as its newest Managing Director
• Mr Chung steps into the additional role today, after being appointed as CEO in 2017
• TNE Chair Pat O’Sullivan says the appointment is a “natural progression” given Mr Chung’s “strong leadership” as CEO
• Shares were trading at $15.24

Technology One (TNE) has appointed Chief Executive Officer, Edward Chung, as its newest Managing Director.

Mr Chung will assume this additional role starting today, following his appointment as CEO in 2017.

Having served in senior executive positions within the company for a decade, including a six-month tenure as Chief Operations Officer, Mr Chung brings a wealth of experience to his new position.

TNE Chair Pat O’Sullivan said the appointment was a “natural progression” given Mr Chung’s “strong leadership” as CEO.

“Ed has led TechnologyOne through its continued growth trajectory and transformation into Australia’s leading enterprise Software as a Service (SaaS) business,” he said.

“With a passion for growth, innovation, and TechnologyOne’s people, he led the business to become one of Australia’s ASX 100 listed companies in 2023 and has long-term continued and sustainable growth plans he and his leadership team are implementing.”

TNE last traded at $15.24.