AD1 Holdings Limited announced that the Company's Chief Executive Officer Mr. Brendan Kavenagh has tendered his resignation, effective 8 September 2023. The Board has appointed Mr. Todd Perkinson as the successor to the role of CEO of AD1 Holdings effective immediately. Mr. Kavenagh will remain available to advise and assist AD1 with the transition until February 2024 ensuring a seamless transition to Mr. Perkinson and to support Mr. Perkinson in securing partnerships and a channel strategy to facilitate the continued growth of Art of Mentoring (AoM).

Mr. Perkinson has been employed with AD1 in the position of CFO and Company Secretary since April 2023. Mr. Perkinson is an experienced CFO and COO in technology businesses, driving efficiencies, profitability, and has significant managerial experience across mergers and acquisitions, due diligence & implementation activities, delivering scale into those businesses. Mr. Perkinson will continue with implementing the cost savings initiatives and seek further organic growth opportunities in North America and Australia whilst also identifying strategic acquisition opportunity within the Learning and Development vertical.