Dotz Nano seeks new chief executive officer following resignation of Uzi Breier

Dotz Nano Ltd (ASX:DTZ) has started a selection process for a replacement chief executive officer following the resignation of CEO and executive director Uzi Breier for personal reasons. A replacement is being sought with a strong background in sales and marketing and a proven record in building scalable global technology businesses with strong revenues and cash generation. In the meantime, current non-executive chairman Bernie Brookes AM has been appointed as interim CEO and current company secretary Ian Pamensky as interim director. The company is committed to continuing the work of Breier in support of its next growth phase and building on the business platform in place. "Significant achievements"  Chairman Bernie Brookes said: “Significant achievements have been made over the past two and a half years under Uzi’s leadership to revitalise the company’s culture and strategy, while positioning the business for future commercial agreements. “We are now at the junction of an exciting growth phase for Dotz, having signed five commercial agreements and two major pilots since the start of this year. “As the interim CEO, I will continue this thrust forward to support and enhance Dotz’s growth process.” Business tranformation to commercialisation  Brookes continued: “On behalf of the board I would like to thank Uzi for all the hard work and commitment he has given Dotz since being appointed CEO in May 2018. “Uzi was employed to transform the business from a research and development led company with unique technology, to a business able to commercialise its technology and establish the processes and procedures needed to build Dotz’s value. “Having successfully completed the role he was brought in to do, we accept his resignation and we wish Uzi all the best for his future endeavours, and look forward to his continued support as an advisor and shareholder.” Pamensky is an experienced public company officeholder and currently serves as a secretary of several other ASX-listed companies. He has more than 25 years’ experience in the finance and secretarial sector for both SME and ASX-listed entities. Strong start to 2020  Brookes added: “Dotz has had a strong start to the 2020 financial year with signed commercial agreements of over US$31 million and several additional pipeline opportunities being progressed. “These contracts, together with the company’s growing sales pipeline, provide strong momentum for future sales growth. “The company is in advanced negotiations with several potential customers, across not only Personal Protective Equipment (PPE) but also other applications for Dotz’s technology. “We are confident of converting these negotiations and pilots into contracts and recurring sales before the end of this year.”