Kleos Space S. A announced that Chair Air Commodore Pete Round has notified the Board of his intention to step down from his board role within the next 12 months, after overseeing the transition to an independent Chair. The Board and Pete determined that with the business in a strong position, entering its commercial revenue phase, the time was now right to commence the search for a new independent Non-Executive Director and Chair to enhance the corporate governance structures of the Company through its next growth phase. Pete will oversee this transition, which aligns with Kleos' broader strategy of continual improvement and enhancement of its governance and regulatory regime, including moving towards a majority independent Board. Pete will remain as Chair until the appointment of a candidate exhibiting the requisite skills and experience, and then work with the Board and his successor to ensure an orderly and seamless transition. Once his successor is appointed, Pete will step down from the Board, but remain with Kleos in an operational capacity, as Senior Government Liaison and Military Advisor.