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Australian Oilseeds Holdings Ltd (NASDAQ:COOT) announced changes to its board of directors, with the departure of Mr. Menaka Athukorala and the election of Mr. Phaneesh Murthy. The changes took effect following the company’s annual meeting on April 30, 2025.
Mr. Athukorala retired and resigned from his positions on the board, the Audit Committee, and as Chair of the Nominating and Corporate Governance Committee on May 1, 2025. His resignation was not due to any disagreements with the company’s practices or policies.
In his stead, shareholders elected Mr. Murthy, a seasoned business leader with nearly four decades of experience, notably in IT outsourcing for Fortune 500 companies. He is the founder of Primentor, Inc., a strategy consulting firm, and serves on the advisory boards of Partners Group and New State Capital Partners (WA:CPAP) LLC. Mr. Murthy’s previous roles include CEO of iGATE and Head of Worldwide Sales and Marketing at Infosys (NSE:INFY) Ltd. His educational background includes a Bachelor of Science from the Indian Institute of Technology, Chennai, and an MBA from the Indian Institute of Management, Ahmedabad.
Mr. Murthy will receive compensation in line with that of other non-employee directors and is expected to join the Audit Committee and chair the Nominating and Corporate Governance Committee. There are no familial relationships or material transactions between Mr. Murthy and the company that would necessitate disclosure.
Additionally, the annual meeting saw the ratification of BDO Audit Pty Ltd. as the company’s independent registered public accounting firm for the year 2024.
This announcement is based on a press release statement.
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