Xamble Group Announces Jason Thoe as New CEO to Drive Growth and Innovation
XAMBLE GROUP LIMITED (XGL) Share Update July 2024 Wednesday 31st
Xamble Group Appoints Jason Thoe as New CEO
Xamble Group Limited (ASX:XGL) has announced the appointment of Jason Thoe as its new Chief Executive Officer, effective September 2024. Thoe brings extensive experience in digital business transformation and growth, making him a strategic fit for Xamble's future ambitions.
Instant Summary:
- Jason Thoe appointed as CEO, effective September 2024.
- Thoe has a strong track record in transforming and growing ASX-listed digital businesses.
- Thoe's previous role was Chief Operating Officer at Frontier Digital Ventures Ltd.
- Thoe achieved record revenues and positive EBITDA in his previous positions.
- Thoe's appointment aligns with Xamble's strategy to expand its influencer platform in Southeast Asia.
Background and Experience
Jason Thoe, a seasoned executive with substantial experience in digital business transformation, will take over as CEO of Xamble Group Limited in September 2024. Thoe's career includes significant achievements in driving growth and profitability in ASX-listed digital businesses, making him an ideal candidate to lead Xamble into its next phase of development.
Thoe currently serves as Chief Operating Officer at Frontier Digital Ventures Ltd, where he has been instrumental in achieving record revenues of AUD80.5 million in 2023, with a CAGR of 32% since 2017. His leadership has resulted in positive EBITDA across all operating regions, showcasing his ability to drive financial success.
Previous Roles and Achievements
Before joining Frontier Digital Ventures, Thoe was the General Manager for Malaysia at iCarAsia Ltd, where he led the company to significant growth milestones. Under his leadership, the Malaysian division saw a 71% year-on-year revenue growth and achieved its first profitable quarter with a 41% improvement in EBITDA margins.
Thoe has also held various leadership roles in prominent digital, technology, and consulting firms, including PropertyGuru and Cuscapi Berhad, further solidifying his expertise in the digital business landscape.
Strategic Vision for Xamble
Thoe expressed his excitement about joining Xamble, stating, 'I am excited to join Xamble at this pivotal moment in its growth journey. I look forward to collaborating closely with the talented team to build upon the Company's strong foundations and deliver successful financial outcomes as the Company continues to accelerate the growth of its unique influencer platform.'
Thoe's appointment is aligned with Xamble's strategy to grow and strengthen its creator base in existing and new markets across Southeast Asia and beyond. His experience in driving growth across various regions will be invaluable as Xamble seeks to capitalize on the vast opportunities ahead.
The appointment of Jason Thoe as CEO is expected to positively impact Xamble Group's stock. Thoe's proven track record in driving growth and profitability in digital businesses suggests that he will be able to steer Xamble towards sustained growth and innovation. Investors may view this leadership change as a strategic move to enhance the company's market position and financial performance.
Investor Reaction:
Analysts are likely to react positively to Thoe's appointment, given his extensive experience and successful track record. His ability to drive growth and achieve positive financial outcomes in previous roles bodes well for Xamble's future. However, investors will be keen to see how quickly Thoe can implement his strategies and deliver results.
Conclusion:
Investors should keep a close eye on Xamble Group as Jason Thoe takes the helm as CEO in September 2024. Thoe's leadership and strategic vision are expected to drive the company's growth and innovation in the digital marketing space. Subscribe to our newsletter for regular updates on Xamble Group and other stock market news.