New Chief Executive Officer for EOS

Electro Optic Systems Holdings Limited (“EOS” or “the Company”) is delighted to announce the appointment of Dr Andreas Schwer as Chief Executive Officer, effective 1 August 2022.

The appointment comes following the Company’s announcement last week that Dr Ben Greene, EOS’ founder and long-time CEO, would be stepping down from the role after 36 years of committed service.

Dr Greene’s technological and engineering capabilities can only be described as world leading and visionary, and his initial designs for remote weapon stations and Space Domain Awareness technologies set a global standard in the defence and space technology sectors.

Dr Greene will now move into the role of Head of Innovation, ensuring that his much-valued contributions to the Company will continue in a capacity that best suits both his wishes and EOS’ future requirements.

Dr Schwer will take the helm at a pivotal time for the Company as it finalises the outcome of its Strategic Review. His appointment will provide the leadership required to “reset” the Company as it seeks to optimise shareholder value over the long term.

Dr Schwer has an extensive understanding of the Company’s global operations, having acted, most recently, as President of EOS EMEA (Europe, Middle East and Africa) for two years, during which time he oversaw the expansion of the company’s activities in NATO and Middle Eastern markets.

Dr Schwer has had a long and varied executive career in the defence, manufacturing and space domains. His previous experience includes senior positions in public sector defence industry, at the German defence company Rheinmetall AG, the US global equipment manufacturer Manitowoc Company, Airbus Group and the European Space Agency. He is a board member and recently retired Non-Executive Chairman of the ASX listed, Australia-based company Titomic Ltd. Among his qualifications, he holds a PhD in the field of system modelling and numerical optimisation.

Peter Leahy AC, Chair of EOS, said:

“Dr Schwer’s commercial acumen, experience across the defence and space sectors, and extensive international experience ideally position him to lead the Company as we seek to improve our go-to-market capability across Asia, Europe and the US. The Board believes he has the right combination of experience, capabilities and attributes to lead EOS as we prioritise growth in our defence and space businesses.”

Dr Schwer will be based in Canberra, Australia where EOS is headquartered.