Bernie Brookes, former Myer chief has handed the baton over to Gideon Shmuel as CEO of Dotz Nano (ASX:DTZ) as of today. Mr Brookes will move back to the role of the company’s chairman.
The company develops carbon-based products to help businesses track the origin and identify the authenticity of a product. They have also pivoted into creating Covid-19 virus detection kits.
The news comes after Dotz posted a 244 per cent loss in their half year results ending 30 June this year. Their two-prior full-year results, which ends on a calendar year has seen the business sit in the red with their loss widening each year.
Dotz Chairman Bernie Brookes said, “Gideon is an experienced CEO, with a proven record of successfully scaling global technology businesses from growth through to profitability. As CEO, Gideon will ramp-up Dotz’s commercialisation efforts across the diagnostics, authentication and surface sanitisation solutions with his strong background in sales, marketing and business development key to converting our growing pipeline of opportunities”.
Shares in Dotz Nano (ASX:DTZ) are trading 3.6 per cent lower at $0.40.