XPON Technologies Group (ASX:XPN) has just announced a change to its board.
XPON Technologies Group is pleased to announce the appointment of Ms Jodie Leonard as a Non-Executive Director of the Company.
Ms Leonard is an experienced ASX director with expertise in technology, financial services, consumer goods and the media/entertainment industries.
She currently serves as a Non-Executive Director at X2M Connect Ltd (ASX:X2M) and the Great Ocean Road Cost & Parks Authority, and has formerly held Board positions at Bwx Ltd (ASX:Bwx), Flexigroup Ltd (now Humm Group Ltd, ASX:HUM) and the RACV.
Shares of XPON Technologies Group have stable following the announcement.
Any change in the make-up of a company?s board can have an impact on a company?s stock price.
Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.
However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.
As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.