Knosys Ltd (ASX: KNO) ("Knosys") announced today the appointment of its new CEO, industry veteran and experienced technology company executive, Mr John Thompson.
The appointment of Mr Thompson follows the resignation of former CEO, Mr Ashley Gall.
Mr Gall's resignation took effect from close of business on Friday, 15 July 2016 and Mr Thompson will take up duties with Knosys from Monday, 18 July 2016.
Mr Thompson brings a wealth of leadership experience having worked for more than 20 years at the helm of renowned technology companies. Most recently, Mr Thompson spent 11 years as CEO of Sigtec and 5 years as CEO of Wavenet International in addition to 5 years with CS Communications and Systems in New York and London.
Mr Thompson received a first class honours degree in Engineering from the Queensland University of Technology in addition to a Master of Business Administration from the City University Business School in London. Mr Thompson has a strong record in driving sales and revenue in addition to his ample experience as a capable CEO providing pivotal leadership expertise across UK, US, Australia and New Zealand markets for multi-national, listed, IPO and start-up technology companies.
Knosys Chairman, Hon. Alan Stockdale said today:
"We are very fortunate to have secured John's service to lead Knosys into the next stage of the company's development. His experience in building teams and developing an engaged customer- focused culture is exemplary and I am very excited to have him join our company.
"He is an outstanding person with proven general management capability and a record of driving revenue. At his last position he increased revenue from $6 million p.a. to over $40 million in just five years.
"The Board felt that John was highly qualified and the right appointment for the role. He has extensive experience in the technology industry and has the ability to make Knosys an even greater success story."
Mr Gall had advised the Board he was considering his position as CEO of Knosys and was desirous of pursuing new opportunities. Mr Gall agreed to remain in the position whilst the company conducted its search for a new CEO. The Board interviewed a number of candidates and at the end of last week resolved to appoint Mr Thompson.
Mr Stockdale paid tribute to Mr Gall, saying:
"The Board is very appreciative of Ashley Gall's contribution to the company. He has been CEO through preparation for listing, through the listing process in September 2015 and for the implementation of the initial steps of the company's business strategy.
"During his time as CEO, Ashley has put in place an important strategic program to take the Company forward, and it is our intention to continue with and grow that strategy.
"Ashley has made a very positive contribution to Knosys and we especially appreciate his selfless assistance in ensuring a smooth hand-over to the new CEO.
"We thank Ashley and wish him continued success in his future management roles."
As part of his severance arrangements, Mr Gall has agreed to provide continued and ongoing assistance to the company in transitioning Mr Thompson into his new role and as otherwise reasonably required by the company.
The Knosys Platform is an enterprise-grade, knowledge management solution that enables organisations, large or small, to better capture, manage and access information across often disparate business units, divisions and information technology (IT) platforms.
Knosys augments an organisation's technology or IT platforms, without the need to disrupt existing processes. The Knosys Platform optimises the business outcomes by providing various integration and touchpoints into an organisation IT capabilities and knowledge repositories.
The Knosys Platform drives business outcomes and allows organisations to capture, manage and utilise information in various forms of decision making and issue resolution. Analytics allows companies to measure and tune the relevance of their knowledge management solution and optimise the information delivered to specific queries, business processes and ultimate outcomes.
The Knosys knowledge management platform provides an open and expandable framework, which can extend into a fully integrated digital work centre, becoming the window into an organisation's applications environment.