APPOINTMENT OF NEW CFO

Kleos Space S.A (ASX: KSS, Frankfurt: KS1, Kleos or Company), a space-powered Radio Frequency Reconnaissance Data-as-a-Service (DaaS) and Mission-as-a-Service (MaaS) provider, announces the appointment of Mr Alan Khalili as its new Chief Financial Officer (CFO) commencing immediately.

Alan is a CPA and brings over twenty years of experience as a CFO, investment banker at Credit Suisse, CPA at Ernst & Young, and Technology Entrepreneur with direct industry expertise in DaaS, aerospace/satellite, business information, wireless voice, and IoT telecommunications.

Career highlights include:

  • Delivering high yield debt and equity raising – VC capital raising ($270 million), PE investing (~$125 million), as well as high yield and project finance debt (~$4 billion).
  • Co-founding (and CFO of) Aireon, a space-based DaaS provider of real-time surveillance data.
  • Managing multiple M&A-related transactions in the business information and communication industries.

Commenting on his appointment, Alan said: “It is exciting to leverage my prior experiences in the space and data sector to support Kleos’ growth.”

Kleos’ CEO, Andy Bowyer added: “We are fortunate to have attracted a candidate of Alan’s calibre to Kleos as we evolve in a dynamic and fast paced environment, always looking out for new strategic opportunities. I am delighted to welcome Alan to this crucial position and believe his strong financial and business operations expertise will be of great value for the next chapter of Kleos’ growth.”

Alan succeeds Iain Hackston, who will continue at the Company in a financial planning and analysis (FP&A) capacity. The Board thanks Iain for his past and continued service to the Company.

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