MedAdvisor Limited announced that Managing Director & CEO Robert Read intends to retire from his current role as CEO. Having successfully acquired and integrated Adheris, and with around 80% of revenues and earnings now sourced in the US, the Company's Board has determined that a US-based Group CEO will best deliver on the next phase of MedAdvisor's growth, centred on substantial U.S. market growth opportunities. With the market and operations now established, it made strategic sense for MedAdvisor's Group CEO to be based in the US.

With Robert unable to relocate due to family reasons, the Board has commenced an executive search to appoint the Company's next Group CEO. Robert will work with the Board to ensure an orderly and seamless transition to the new US-based Group CEO.