- Zimi (ZMM) has seen a shuffle to its leadership team ahead of its next phase of growth
- Jordan Tentori, Zimi’s Chief Technology Officer and Executive Director, will transition to the role of Chief Executive Officer, effective from today
- The new leadership shuffle follows CEO Brett Savill’s resignation, which will see him remain on the board as a Non-Executive Director until the end of June 2022
- Meanwhile, Simon Beissel has also joined the board as a Non-Executive Director
- Zimi was up 20 per cent, trading at 1.2 cents by the end of the trading day
Technology company Zimi (ZMM) has seen a shuffle to its leadership team ahead of its next phase of growth.
Jordan Tentori, Zimi’s Chief Technology Officer and Executive Director will transition to the role of Chief Executive Officer, effective from today.
The incoming CEO was the co-founder of Zimi, and as such he has an intimate understanding of the company’s technology, operations and opportunities for growth. He also brings with him a demonstrated track record within the electrical and lighting industries both nationally and internationally.
Following the move, the Zimi board agreed to update the terms of Jordan’s remuneration upon transition to the role of CEO and Executive Director. With no fixed term, the incoming CEO will earn $275,000 per annum, plus statutory superannuation.
The new leadership shuffle follows CEO Brett Savill’s resignation. Mr Savill has agreed to remain on the board as a Non-Executive Director until the end of June 2022, at which time the company’s board will reassess its composition.
Brett Savill was first appointed as a Non-Executive Director in 2018 and subsequently stepped into the role of CEO, where he became responsible for running the business.
“I’m really looking forward to this pivotal time for the company,” said Zimi’s new CEO, Jordan Tentori.
“With an expanding product portfolio and a strong network of distribution partners, Zimi is uniquely positioned in this fast-growing market of connected devices.”
Meanwhile, Simon Beissel has also joined the board as a Non-Executive Director. He joins with a background in banking, having previously held the role of Head of Corporate Lending at Investec Australia and director roles at St George Bank.
Zimi was up 20 per cent, trading at 1.2 cents by the end of the trading day.