BrainChip CEO steps down

05/10/2015 - 10:20

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Less than two weeks after debuting on the ASX, tech firm BrainChip’s chief executive has tendered his resignation while an interim CEO has been appointed.

BrainChip interim CEO Peter Van Der Made.

Less than two weeks after debuting on the ASX, tech firm BrainChip’s chief executive has tendered his resignation while an interim CEO has been appointed.

In a statement today, BrainChip said US-based private investor Robert Mitro stepped down from the position as CEO and executive director, citing health reasons as the motive.

The company has named chief technology officer Peter Van Der Made as its interim CEO until a permanent US-based CEO is found.

Mr van der Made has been with BrainChip since the company was developed out of an incubator at the Innovation Centre WA in 2012.

Meanwhile, senior vice president of engineering Anil Mankar has been promoted to chief operating officer.

Mr Mankar has held senior level roles with a number of well-known companies. The board wishes to congratulate Anil on this appointment,” the company said.

After completing a reverse takeover of Perth-based Aziana, BrainChip began trading on the ASX in late September.

BrainChip shares were 11.1 per cent higher to 35 cents at 10:15am.

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