archTIS appoints Citadel Group co-founder as chairman
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Special Report: archTIS (ASX: AR9) has secured a major hiring coup by appointing Dr Miles Jakeman as the new chairman for the Canberra-based secure data transfer specialist.
Jakeman co-founded Australian software and technology success story The Citadel Group in 2000 with his wife Le-Anne, leading the company through its 2007 IPO to a market cap of $400 million and a headcount of more than 300 staff. He stepped down from his role at Citadel Group in 2016 as part of an orderly succession.
The appointment comes as part of an ongoing business optimisation program that will see the number of directors on archTIS’ board reduced from six to three. The new board will now comprise of Dr Miles Jakeman, Leanne Graham and archTIS CEO Daniel Lai.
All former board members are staying on with archTIS. Co-founder and former executive director Bruce Talbot will focus solely on technology enhancements to support new growth opportunities.
archTIS will also form a new advisory group to focus on expanding the company’s flagship secure data collaboration platform Kojensi to new markets and to identify new growth opportunities.
The advisory group will comprise former non-executive director Wayne Zekulich, retired brigadier Alison Creagh AM CSC and corporate finance and M&A specialist Jeremy Waine. They’ll join advisory group leader Stephen Smith, archTIS former chairman.
“As chair, I have been very pleased to guide archTIS as it has evolved from a private company providing cyber security services to Australian Defence at Top Secret level to an ASX-listed company providing services to a range of Commonwealth Agencies and to the private sector., said Smith.”
“Miles has proven himself to be a highly effective Board member during his time at archTIS. His extensive experience with listed technology companies and broad investor network will be critical to archTIS as the company enters its next phase of growth and development. Miles is ideally placed to help ensure management continues to grow the archTIS client list
and pipeline off the back of our recent successful capital raising.”
The appointments are effective from 1 August.
The new hires follow a string of successive milestones for archTIS, having recently won its first global defence contract with Northrup Grummon and expanding to education via its partnership with Australian research institution Curtin University.
This article was developed in collaboration with ArchTIS, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.