• Co-Founder and CEO Mike Davis resigns, effective from AGM on 12 Nov 2025
• CFO James Frayne appointed as Interim CEO to ensure smooth transition
• Board commences search for new Brisbane-based CEO to drive next phase of growth

Felix Group Holdings Ltd (ASX:FLX) has announced that Co-Founder and CEO Mike Davis has resigned and will step down from the role effective from the company's Annual General Meeting on Wednesday, 12 November 2025. Mike will remain with the company as an advisor to ensure a smooth leadership transition process. Mike co-founded Felix in 2012, and under his leadership, the company has evolved from an online marketplace for subcontractors in construction into an enterprise platform servicing major contractors across a range of capital-intensive sectors. Mike has been instrumental in steering Felix's enterprise-led growth strategy and scaling the company's vendor marketplace. Mike's decision to step down reflects increasing travel demands while balancing family commitments, and a mutual view with the Board that Felix's next phase of growth will be best supported by a Brisbane-based CEO. The Board has commenced a formal search process to appoint a new CEO and will update the market once the appointment is finalised. In the interim, Felix's CFO, James Frayne, will lead the company as Interim CEO, effective from Wednesday, 12 November 2025, to ensure continuity and a smooth transition until a new CEO is appointed. James is an experienced executive and has been in the role of CFO since 2014.