• CEO Mal Maginnis to retire in January 2026 after 3 years of service
• Neville Joyce appointed as Acting CEO effective immediately
• Company to commence global search for permanent CEO

Ava Risk Group Limited (ASX: AVA) has announced that Chief Executive Officer, Mr Mal Maginnis, has informed the Board of his intention to retire from executive roles and step back from full-time professional commitments. Mr Maginnis, who joined Ava Risk Group in January 2023 and will shortly reach his three-year anniversary with the Company, will retire from his role on 22 January 2026. He will step down from the Board with immediate effect. To ensure continuity during the transition period, the Board has appointed Mr Neville Joyce, currently a senior executive within the Group, as Acting CEO effective immediately. The Company will now commence a global search for a permanent Chief Executive Officer to lead Ava through its next phase of growth. Under Mr Maginnis' leadership, the Company has undergone a meaningful strategic and operational reset, and has emerged with a strong commercial focus, a revitalised product suite, and a materially improved financial position. Key achievements include the release and global commercialisation of the Aura Ai-X platform, major account wins across multiple industries, strong revenue growth and improved EBITDA, increased recurring revenue, and a strengthened project pipeline. Mr Maginnis will continue to support the transition until his retirement date, and Mr Joyce will work closely with the Board to ensure operational continuity and maintain the Company's commercial momentum while the global search for a permanent CEO is undertaken.