PWH.ASX: Update on Managing Director and Board Changes

Update on Managing Director and Board Changes

Stock	PWR Holdings Ltd (PWH.ASX)
Release Time	24 Jul 2025, 3:29 p.m.
Price Sensitive	Yes

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PWR Holdings Announces Managing Director and Board Changes

Key Points

Founder and Managing Director Kees Weel to transition to Non-Executive Chairman role
Acting CEO Matthew Bryson to remain in role during global CEO search
Roland Dane to not seek re-election to the Board at the upcoming AGM

Full Summary

PWR Holdings Limited (ASX: PWH) has announced an update on its Managing Director and Board changes. Founder and Managing Director Kees Weel, who has been on medical leave since April, is making a phased return to the business while continuing his recovery. During this transition, Mr Weel will share executive responsibilities with Acting CEO, Matthew Bryson. Following the conclusion of the AGM on 17 October 2025, Mr Weel is expected to move into the role of Non-Executive Chairman, with the Board's support. This follows Roland Dane's decision not to seek re-election to the Board at the AGM. The Board has commenced a global search for a permanent CEO, which includes internal candidates. Mr Bryson will remain Acting CEO during this process. Mr Weel expressed his sincere thanks to Roland Dane for his guidance and commitment to PWR since joining the Board in 2017, and also extended his thanks to Matthew Bryson for agreeing to remain as Acting CEO, stating that he retains the full support of both the Board and the Executive Leadership Team.