MotorCycle Holdings Limited (ASX: MTO) (the Company) announces the retirement of Mr Dave Ahmet as Chief Executive Officer and Managing Director and the appointment of Mr Matthew Wiesner, as Chief Executive Officer (CEO) of the Company, in December 2024.
Matthew brings over 20 years of senior leadership experience in both the wholesale and retail automotive industries, with an extensive background in OEMs.
He has successfully led and transformed businesses across Australia, New Zealand, and internationally. Matthew has served as Managing Director for various retail and wholesale organisations and has held key executive and strategic roles in both publicly listed and privately held entities.
As a seasoned leader, Matthew has demonstrated a strong ability to drive business performance, transform businesses, and achieve growth through operational excellence and strategic innovation.
He joins the Company from his most recent role as Managing Director of Sime Darby Motors Group Australia.
Commenting on the appointment, Motorcycle Holdings Chair, Mr Rick Dennis said, “The Board is confident that Matthew’s expertise, vision, and strategic acumen will be invaluable as the Company strengthens its position in the market and pursues new opportunities for growth.
”Mr Wiesner said “It’s an exciting time to be joining the Motorcycle Holdings team as we look to the next phase of development and growth whilst the broader mobility industry continues to evolve at pace.”
The Company is also pleased to announce the appointment of Mr Michael Poynton as Chief Operating Officer(COO) of the Group effective immediately.
Michael joined the Company in 2022 following the acquisition of Mojo Motorcycles and brings over 20 years’ experience in the motorcycle industry.
He is currently Executive Director and General Manager – Mojo.
As the incoming COO, he will be responsible for leading the operations of the group and will continue to lead the Mojo business.In accordance with ASX Listing Rule 3.16.4, the material terms of Matthew’s and Michael’s employment areoutlined in the attached Appendix.
After 13 years as CEO and Managing Director, Mr Dave Ahmet will transition from his executive role to a non-executive director from December 2024.
Mr Ahmet will continue to be actively involved in shaping the strategic direction of the Company, and provide counsel to Matthew, ensuring a smooth handover, while retaining a large shareholding.Mr Dennis said “The Board thanks Dave for his outstanding service to the Company over many years.
As founder, Dave has succeeded in building the Company to be the leading and most successful motorcycle and accessories company in Australia, with turnover in excess of $500m per annum.
As a Board member, we look forward to Dave’s continuing involvement and guidance over the years to come.”CEO and Managing Director Mr Ahmet said: “Whilst retiring from the CEO role, I intend to remain involved in the strategic direction of the Company and assist Matthew in any capacity I can.
I do however need to focus on my health following a recent accident, so the time is right for me to step aside and to pass the baton onto Matthew.
I’m sure Motorcycle Holdings will benefit from Matthew’s track record of driving business growth and focus on results.
I will stay closely involved in the business to ensure a smooth transition and intend to remain a significant shareholder going forward.”
-ENDS
This announcement was authorised for release by the Board.
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