• Appointment of Mr Angelo Demasi as Chief Executive Officer (CEO) of humm group limited
• Details of Mr Demasi's employment agreement, including fixed remuneration, short-term and long-term incentives
• Termination provisions and post-employment restraints

humm Group Limited has announced the key terms of the employment agreement for its newly appointed Chief Executive Officer, Mr Angelo Demasi. Mr Demasi's commencement date as CEO is 9 May 2025, and his fixed remuneration is $750,000 per annum (inclusive of superannuation). He is eligible for a short-term incentive (STI) with a target earning opportunity of 100% of his fixed remuneration, capped at 125%, payable in cash. For long-term incentives (LTI), Mr Demasi will participate in the company's LTI plan at 100% of his fixed remuneration, as determined by the Board. The existing allocation of LTI performance rights granted based on his previous remuneration as Group Executive - Digital & Transformation will continue, with any positive difference in value between his CEO LTI opportunity and the prior LTI allocation to be paid in cash. Termination provisions include 6 months' notice by either party or payment in lieu, with no notice period for termination due to serious misconduct. The Board may also seek Mr Demasi's agreement to perform an alternative role within 18 months of his commencement date. A 6-month post-employment restraint provision also applies.