Boom Logistics Limited announced that after over four and a half years as Chief Executive Officer & Managing Director, Mr. Tony Spassopoulos will step down from those roles at close of business 14 February 2023. Boom's Chief Operating Officer Ben Pieyre will assume the role of Interim CEO, effective 15 February 2023. To ensure a smooth transition, Mr. Spassopoulos will remain available to assist Mr. Pieyre and the management team.

His last day with Boom will be 14 August 2023. Mr. Spassopoulos joined Boom in October 2008 and was the Chief Operating Officer from 2017. He was appointed as CEO & Managing Director in September 2018.

To provide continuity and ongoing support alongside the management team, Non-Executive Director Kieran Pryke will have increased involvement in the business during the transition period. Mr. Pryke was appointed to the Board on 8 February 2021 and has over 25 years' experience in the property industry. He has been Chief Financial Officer of General Property Trust, following nine years in Lendlease Corporation's construction, development and investment management divisions, and of Australand Property Group and Grocon Group.

Mr. Pryke has a Bachelor of Commerce (Accounting) and is a Fellow of CPA Australia. In recognition of his increased time commitment, Mr. Pryke will receive additional director fees of up to $15,000 per month during the transition period. A comprehensive internal and external search for a new CEO will commence.

A permanent appointment is expected to be made later in 2023.