Nitro Software Limited announced that Co-Founder and Chief Executive Officer, Sam Chandler will leave the Company, effective immediately. Tim Reed, a Managing Director of Potentia Capital, will assume responsibilities as Interim CEO while a search is conducted to appoint a permanent chief executive officer and chief financial officer. Mr. Reed will also join the Nitro Board as a Director, effective immediately.

In addition to being a Managing Director of Potentia, Mr. Reed is President of the Business Council of Australia and a Non-Executive Director of Transurban Group. Prior to Potentia, Mr. Reed served as Chief Executive Officer of MYOB. During his 12-year tenure, MYOB was regularly named as one of Australia's most innovative companies, saw small business subscribers grow eightfold to more than 800,000 and enterprise value grow sixfold to more than AUD 2.5 billion.

Mr. Reed's career has spanned US, European and Asian markets, and includes eight years in Silicon Valley.