Mighty Kingdom Limited (ASX: MKL) Announces Management Changes
Management Appointments
Mighty Kingdom Limited (ASX: MKL) has announced significant changes to its management team. Mr Dylan Miklashek has been appointed as Interim CEO, effective immediately. He brings over 25 years of experience in the video game industry, having worked with major companies such as Gameloft, EA, and THQ. His leadership includes developing renowned franchises and successfully launching Gameloft Brisbane.
Board Restructure
As part of the planned board restructure, Mr David Butorac has stepped down as Non-Executive Chair. The company extends its gratitude for his contributions. Mr Duncan Gordon has taken over as Non-Executive Chair, leveraging his extensive experience in the technology sector and corporate advisory.
Duncan Gordon commented on the company’s direction, stating, “Mighty Kingdom faces a rebuilding process after what has been a difficult period…We are committed to delivering fresh opportunities to the Company whilst ensuring the current studio operations are run as efficiently as possible.”
Interim CEO Terms
Dylan Miklashek’s appointment as Interim CEO includes a fixed remuneration of $150,000 per annum, plus superannuation, and additional MKL shares valued at $40,000, subject to shareholder approval. His tenure is set to conclude on 25 April 2025, unless extended.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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