• Warwick Hay to assume CEO role from 1 January 2025
• Follows strategic succession plan set by the Board
• Outgoing CEO Peter Ludemann to continue as Executive Director

NTAW Holdings Limited (ASX: NTD) has announced a significant leadership transition, with Mr Warwick Hay, the current Chief Operating Officer, set to assume the role of Chief Executive Officer ('CEO') effective 1 January 2025. This appointment is part of a strategic succession plan set in motion by the Board in conjunction with Mr Peter Ludemann, the existing CEO and Managing Director. Although stepping down from his CEO role, Mr Ludemann will continue contributing as an Executive Director of NTD. Since his appointment in 2013, Mr Ludemann has led NTD's business transformation, evolving the company from a niche 4WD tyre wholesaler into Australia's largest independent tyre and wheel importer, with operations in Australia, New Zealand and South Africa. Today, NTD employs over 800 people, with revenue exceeding $550 million. Mr Hay brings extensive executive experience to his new role, including his successful tenure as CEO/MD at IVE Group (ASX: IGL) from 2014 to 2020. At IVE, Mr Hay spearheaded strategic acquisitions and business consolidations, driving increased market share and profitability. This experience aligns with NTD's current phase of consolidating and combining its expanded business portfolio. NTD Chairman, Mr Murray Boyte, said 'Peter has been the driving force behind the creation of the NTD group of businesses, each operating in a winnable segment of the tyre and wheel industry. Warwick is an experienced CEO with a proven track record of identifying and driving strategic and operational initiatives to enhance performance and create long term shareholder value. We are fortunate Peter and Warwick will both remain actively involved in the management of the company in their new roles.'