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BRIEF-Data Exchange Network Appoints Richard Whiting, Simon Forth As Interim Joint CEOs

Published 04/02/2019, 12:04 pm
Updated 04/02/2019, 12:10 pm
© Reuters.  BRIEF-Data Exchange Network Appoints Richard Whiting, Simon Forth As Interim Joint CEOs

Feb 4 (Reuters) - Data Exchange Network Ltd DXN.AX :

* COMPLETED REVIEW OF OPERATIONS AND ADJUSTED ITS 2019 STRATEGY

* WILL NOW FOCUS ITS RESOURCES TO COMPLETE SYDNEY DATA CENTRE AND POSTPONE DELIVERY OF MELBOURNE DATA CENTRE

* BOARD HAS APPOINTED RICHARD WHITING AND SIMON FORTH AS INTERIM JOINT CHIEF EXECUTIVE OFFICERS

* LATEST CONSTRUCTION COST ESTIMATES FOR A 0.5MW DATA CENTRE HAVE INCREASED BY ABOUT 12% TO $4.9 MILLION

* ACCEPTED RESIGNATION OF PETER CHRISTIE AS CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR EFFECTIVE IMMEDIATELY

* CHRISTIE HAS RESIGNED FOR PERSONAL REASONS

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