NUC.ASX: Nuchev Expands Team Capabilities

Nuchev Expands Team Capabilities

Stock	Nuchev Ltd (NUC.ASX)
Release Time	12 Feb 2025, 4:20 p.m.
Price Sensitive	Yes

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Nuchev Appoints New CEO, Retains Outgoing CEO as COO

Key Points

Nathan Cheong appointed as new CEO to commence following transition period
Mick Myers to transition to new role of Chief Operating Officer (COO) and retain Chief Financial Officer (CFO) position
Board committed to ensuring smooth CEO transition as part of Nuchev's development

Full Summary

Nuchev Limited (ASX:NUC) has announced that Nathan Cheong has been appointed to the position of Chief Executive Officer (CEO) to commence following a transition period. The Board remains committed to ensuring a smooth CEO transition as part of this next stage of Nuchev's development. Nathan has provided his resignation as an Independent Non-Executive Director and will take over the role from Mick Myers, who is the current CEO. Mick will transition to a new role of Chief Operating Officer (COO) in conjunction with his previous position as Chief Financial Officer (CFO). Eddie McDonald will be focused on completing the systems integration work already well underway. Nathan is an experienced Managing Director and CEO with over 20 years of impressive experience in the complementary medicine industry, most recently serving as the Managing Director at Melrose Group. During his career, Nathan has demonstrated his capabilities as an impactful, successful CEO across a range of businesses from privately owned companies to large ASX listed entities including Life Space Group, Designs for Health, BioCeuticals and Global Therapeutics. Nathan is a Naturopath and Medical Herbalist and is also a member of the Australian Institute of Company Directors (AICD) and the Australian Traditional Medicine Society (ATMS).

Outlook

Nathan Cheong stated that he is 'delighted to be joining Nuchev as CEO and continuing the great work that Mick and the team have been doing' and is 'very pleased Mick has agreed to continue with the Group, and work with me over the next phase of Nuchev's development'. Mick Myers is 'excited to have Nathan join us and believe now is the right time to make this transition' and is 'looking forward to fast tracking our momentum with the addition of Nathan's capabilities joining the team'.