Management Update
Open PDF
| Stock | Veem Ltd (VEE.ASX) |
|---|---|
| Release Time | 27 Jul 2026, 9:56 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
VEEM CEO Stepping Down, Mark Miocevich to Take Over
Key Points
- Trevor Raman stepping down as CEO
- Mark Miocevich to become CEO
- Focus on FY27 growth in propulsion and defence
- Raman to assist with transition
Full Summary
VEEM Limited (ASX: VEE) announced that Trevor Raman will step down as CEO to pursue other opportunities. Mark Miocevich, the current Managing Director, will assume the role of CEO. Raman will assist in the transition. The company's growth focus for FY27 will be on propulsion, advancing VEEM Extreme, qualification work for US Defence, and the release of Mark III gyrostabiliser models. Mark Miocevich expressed gratitude for Raman's contributions and excitement for the future.
Outlook
VEEM aims to continue growth in propulsion, defence, and gyrostabilisers in FY27.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In