• CEO Andrew Skelton to conclude role on 31 May 2026
• CFO Luke Murphy appointed Interim CEO effective 1 June 2026
• Skelton to provide consulting services for 3 months to ensure orderly handover

ReadCloud Limited (ASX: RCL) has announced that Chief Executive Officer Andrew Skelton has elected to conclude his role as CEO effective 31 May 2026, following three years of leadership during which the Company has been fundamentally transformed and positioned for the next phase of sustainable growth. Chief Financial Officer Luke Murphy has been appointed Interim CEO with effect from 1 June 2026. Mr Skelton will provide consulting services to the Company for a three-month period commencing 1 June 2026, ensuring an orderly handover of knowledge, relationships, and strategic workstreams. During his three-year tenure, the Company underwent a significant and sustained transformation across financial performance, operational structure, and strategic focus. The Board acknowledged Mr Skelton's significant contribution in transforming the company's culture, improving cashflow, achieving strong revenue growth, and delivering positive EBITDA. The team has continued that momentum into 1H FY26, with the schools businesses delivering record quarterly cash receipts and Group operating cashflow. The Board will commence a formal search process to appoint a new CEO and will update the market once an appointment is finalised. Luke Murphy, the current CFO, has indicated his desire to apply for the permanent position.