5G Networks (ASX:5GN) announced the immediate resignation of CFO Kieran Donavan.
While the specific reasons for his departure were not detailed, the board of directors issued a formal statement of gratitude, acknowledging Donavan's dedicated service and his various contributions to the company's financial strategy during his tenure.
To ensure continuity within its executive ranks, the company has concurrently announced the appointment of Nathan Legg as the incoming CFO.
Legg, described by the firm as a seasoned finance professional with extensive industry experience, is scheduled to officially commence his duties on April 20.
The two-week interim period suggests a structured handover process as the company integrates Legg’s expertise into its leadership team.
The move comes at a critical time for the digital infrastructure provider, which operates out of its Little Collins Street headquarters.
At the time of reporting, 5G Networks’ share price was $0.056.