Allegra Orthopaedics Limited advised that the company's Managing Director, Peter Welsh, has tendered his resignation with immediate effect. Peter Kazacos has become Executive Chairman and Chris Calamos has been appointed as Chief Executive Officer and Chief Financial Officer. It is expected that the company will announce the appointment of a director within a week following the completion of a process that has been underway.

Chris has been the consultant engaged to support Allegra Orthopaedics' existing financial and accounting resources. Chris, in his career spanning 25 years, has held senior finance roles in a broad range of companies including venture capital backed `start-ups', an ASX listed entity and US based global corporation with Asia Pacific responsibility.