The Board Advanced Braking Technology Limited advised Mr. John Annand will step down as Chief Executive Officer effective immediately by mutual agreement. Mr. Annand joined ABT as Chief Financial Officer in mid-2018 and was appointed Chief Executive Officer in late-2018. The Board has commenced an executive search to appoint a suitable replacement to be based at the Company's head office in Wangara, WA.

During the search and transition period, Mr. Andrew Booth, Director Strategy and Commercial, will assume the role of Acting Chief Executive Officer and continue to oversee the day-to-day operations of the Company.