Wellfully Limited announced a number of Board changes: Mr. Varano, who has been with the Company since May 2018, and acting in the role of Chairman since June 2018, has vacated the role of Chairman and will continue as a
Non-Executive Director of the Company. Mr. Peros, the Company's CEO, has been appointed as Executive Chairman. Mr. Peros joined the Company in June 2019. Since then, his role has transformed from management to one of leadership. The Board recognises Mr. Peros' ability to not only to execute but also to direct the Company towards achieving its commercial objectives. As a substantial shareholder in the Company, this appointment also reflects the
alignment of Mr.Peros' interest in growing the Company and creating value for all shareholders. Mr. Peros terms of employment remains unchanged following the above appointment. Mr. Eaton has been appointed as Non-Executive Director. Mr. Eaton co-founded the corporate and commercial law firm Eaton Hall in 2014. He specialises in providing corporate advice to ASX listed companies, with a particular focus on the innovation and technology, agribusiness, and energy and resources sectors. Mr. Eaton currently acts as legal council for the Company. Concurrent with Mr.Eaton's appointment, the Company advises of the resignation of Mr. Wright as non-executive director. Mr. Wright has tendered his resignation in order to pursue other business opportunities.