Zimi Ltd. announced executive leadership transition and expansion of the Board for the next phase of growth. Jordan Tentori, the Company's Chief Technology Officer (CTO) and Executive Director, will transition to the role of Chief Executive Officer (CEO) effective 7 February 2022. Jordan is the co-founder of Zimi and has a demonstrated track record within the electrical and lighting industries both nationally and internationally.

Jordan has an intimate understanding of the Company's technology, operations and opportunities for growth. The Board has agreed to amend the terms of Jordan's remuneration upon transition to the role of CEO and Executive Director. Brett Savill has tendered his resignation as CEO and will remain on the Board as a Non-Executive Director until the end of June 2022.

Brett was initially appointed as a Non-Executive Director in 2018, and subsequently stepped into the role of CEO where he has been responsible for running the business, including acquiring and integrating Zimi from Gerard Private. The Company announced the appointment of Simon Beissel as Non-Executive Director effective 7 February 2022. Simon has board experience with a number of industrial and financial services companies including ATF Services Pty Ltd, Lighting Investments Australia Holdings Pty Ltd, Investec Credit Funds Management Pty Ltd. and SMEBL.

He is an experienced senior banker who was previously Head of Corporate Lending at Investec Australia. Prior to that, Simon held roles at St.George Bank including Transformation Director, Head of Structured & Acquisition Finance.