Fortunatow steps down as CEO of Spacetalk

Mark Fortunatow, CEO and Managing Director of Spacetalk

Spacetalk has terminated the employment contract of Mark Fortunatow, Chief Executive Officer and Managing Director, with 12 months notice.

The space company said Fortunatow will be available to help the company, but will serve his 12-month notice period out of office, and the board also intends to seek Fortunatow’s removal as a non-executive director of Spacetalk Limited at the next annual meeting. General Assembly.

Spacetalk says the board will shortly begin executive search activity for a new chief executive, and in the interim, non-executive director Saurabh Jain has assumed the role of interim chief executive.

Spacetalk says Saurabh Jain brings more than 25 years of experience in technology-related roles from both a technical and business perspective – and after more than 5 years in Sydney and New York as director of solutions for Converga, he joined Cushman and Wakefield in 2013 as Chief Information Officer for Australia and New Zealand, then as Global Technology Director for Strategic Solutions.

Most recently, Jain was the CEO of Urbanise (ASX:UBN) where he led a turnaround with over 3x revenue growth and a nearly 5x increase in market capitalization.

Spacetalk President Georg Chimel said: “Mark has been a driving force in the strong performance and growth of the company over the past 21 years, however, the board felt it was time to change leadership and direction. We thank Mark for his contribution to Spacetalk over the past 21 years and wish him all the best for the future.

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