Radio frequency geolocation intelligence data provider** Kleos Space (ASX: KSS)**has announced the transition of Chief Executive Officer from co-founder Andy Bowyer to current CFO, Alan Khalili. The news of the changeover was made public in its Q3 2022 activity update explaining how the decision to change CEO to a US citizen will enable Kleos to take advantage of opportunities in the United States whilst also being able to manage the Company’s European technology development and satellite operations.
Khalili has over 20 years of experience in senior management roles serving as CFO of SpaceLink, and co-founder and CFO of Aireon LLC, a space-based DaaS business responsible for directing all financial and administrative activities. Khalili has direct industry expertise in Data-as-a-Service (DaaS), aerospace, satellites, wireless voice, and IoT telecommunications, in addition to holding corporate development, investment banking and public accounting roles at Reuters, Credit Suisse, and Ernst & Young, respectively.
Commenting on the transition, Kleos’ current CEO, Andy Bowyer, said, “We are currently experiencing strong, growing traction from defence and intelligence customers. This executive change will allow Kleos to take full advantage of the exceptional market opportunity the US provides, as well as accelerate our ability to capture high-value government contracts in different markets.
“Recent engagement with the US Government has demonstrated the operational and decision-making usefulness of commercial RF GEOINT data. It has also highlighted another key strength of our technology – the ability to leverage our unique data set and fuse it with other intel resources. I’m excited for this next phase of Kleos’ development and look forward to supporting Alan throughout the official transition and beyond.”
Andy Bowyer will continue in a strategic Director role post-transition and the succession and recruitment plan for CFO role responsibilities is being managed through the transition period to ensure a smooth handover.