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ASX-listed Straker founder steps down for co-CEO model | Grafa

Straker founder steps down for co-CEO model

Tech

Written by Liezl GambePublished Mar. 4 2026Last Updated Mar. 4 2026

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Australian News

Straker (ASX:STG) said that after 26 years at the helm, founder Grant Straker will step down as CEO and Managing Director, effective March 20.

The transition marks a new chapter for the company as it formalises a Co-CEO model designed to balance commercial scale with technical innovation.

The board has appointed David Sowerby and Indiver Nagpal as Co-CEOs.

Sowerby, previously the Chief Revenue Officer, will focus on global commercial operations and market expansion, leveraging his 20-year background as an entrepreneur and architect of the company's commercial strategy.

Nagpal, formerly the Chief Innovation Officer, will lead the technical vision.

With over 25 years of international software development experience, Nagpal’s priority is ensuring the product suite remains at the absolute cutting edge of artificial intelligence.

While stepping back from daily operations, Grant Straker will remain an integral part of the organisation as a non-executive director.

He is also set to chair the newly established AI and Technology Board Committee, focusing on the company’s long-term technical roadmap.

Straker's Chair, Linda Jenkinson, praised his transformational leadership, noting that his guidance from the board level will ensure the company maintains its momentum as an AI-centric global competitor.

At the time of reporting, Straker's share price was $0.32.

Straker founder steps down for co-CEO model

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