AnteoTech (ASX:ADO) appointed Merrill Gray as managing director and chief executive, effective Aug. 19, according to a Tuesday filing with the Australian bourse.
The appointment follows Gray's four-month tenure as interim managing director and chief executive of the company, the filing said.
The company has completed its fiscal year 2025 performance review, achieving 59% of key performance indicators (KPIs), and will issue around 22.2 million ordinary shares under the employee incentive plan to settle about AU$316,000 in short-term incentive (STI) awards, the filing added.
The board has awarded Gray AU$19,000 in cash for achieving 100% of KPIs as interim CEO, including completion of the strategic review and early delivery against the revised strategy, per the filing.