Xplore Wealth Limited has previously advised that Don Sharp (Executive Director) assumed the role of acting CEO until a new CEO commences employment with the company. Michael Wright is due to commence employment with the Company as company new CEO on 9 September 2019. Due to Michael Wright's commencement, Don Sharp has advised that he will step down from his executive role with the Company on 31 October 2019.

This will allow for an orderly handover of responsibilities to company new CEO following his commencement.