Connected IO Limited announced the appointment of Mr. Dougal Ferguson as the Chief Executive Officer (CEO) of the Company with immediate effect. Mr. Ferguson was appointed as a non-executive director in July 2020 and has been overseeing the strategic review process and the current capital raising initiatives being undertaken by the Company following the resignation of Mr. Yakov Temov late last year. Mr. Ferguson is an experienced executive and previously was Managing Director of XCD Energy Limited which was acquired by 88 Energy Limited in July 2020 for a substantial premium.