Electro Optic Systems Holdings Limited announced the appointment of Dr. Andreas Schwer as Chief Executive Officer, effective 1 August 2022. Dr. Schwer will take the helm at a pivotal time for the Company as it finalises the outcome of the Strategic Review. His appointment will provide the leadership required to reset the Company as it seeks to optimise shareholder value over the long term.

Dr. Schwer has an extensive understanding of the Company's global operations having most recently acted as President of EOS EMEA (Europe, Middle East and Africa) for two years where he oversaw the expansion of the company's activities in NATO and Middle East markets. Dr. Schwer has had a long international career in defence, manufacturing and space industries. His previous experience includes senior roles in public sector defence industry, Rheinmetall AG, Manitowoc Company, Airbus Group and the European Space Agency ESA.

He is currently a board member and recently retired Non-Executive Chairman of Australian based, ASX listed Titomic Ltd. Dr. Schwer will be based in Canberra, Australia.