• David Sowerby and Indiver ('Indy') Nagpal appointed as Co-CEOs
• Founder and current CEO Grant Straker to transition to Non-Executive Director
• Grant Straker to Chair the newly established AI and Technology Board Committee

Straker Ltd (ASX: STG) today announces a strategic transition of its executive leadership team, designed to accelerate the Company's evolution as a global leader in AI-driven translation services. After 26 years at the helm, Founder Grant Straker will step down from his position as CEO and Managing Director, effective 20 March 2026. Grant will continue to serve as a non-executive director on the Board and will support the Board and management team to ensure a seamless leadership transition over the coming months. Grant will Chair the newly established AI and Technology Board Committee, which will guide the Company's long-term technical roadmap and high-level AI strategy. The appointment of Mr. Sowerby (formerly Chief Revenue Officer) and Mr. Nagpal (formerly Chief Innovation Officer) reflects the two pillars of Straker's future: commercial acceleration and technological superiority. David Sowerby will focus on global commercial operations and market expansion, while Indy Nagpal will lead the technical vision, ensuring Straker's product suite remains at the cutting edge of AI. Grant Straker commented that he is fully committed to supporting the new Co-CEO team as they scale Straker's AI capabilities.