Titomic Limited appointed Mr. Herbert Koeck, Titomic's Chief Executive Officer, has been appointed Managing Director of the Company. Mr. Koeck's elevation underlines the board's confidence in his leadership, as well as his demonstrated ability to implement the company's commercialization strategy. Due to increasing commitments outside of Titomic, Mr. Andreas Schwer has advised the Company's Board that he is stepping down as Chairman.

The Board is pleased that Mr. Schwer will continue as a Non-Executive Director. The Board has elected Mr. Humphrey Nolan, a Sydney-based Director of the Company since July 2020, as Chairman.