The EnviroSuite Ltd (ASX: EVS) share price is climbing higher after a leadership update from the Aussie environmental intelligence solutions provider.
At the time of writing, the EnviroSuite share price is trading at 13 cents, up 4.17%.
Why is the EnviroSuite share price moving?
Shares in the Aussie company have climbed higher in early trade after unveiling a new member in its leadership team. EnviroSuite has welcomed Mr Alberto Calderon, former CEO of Orica Ltd (ASX: ORI) as an advisor to the CEO.
Today’s release said Mr Calderon is “highly regarded in the broader business industry as an innovator within large corporates, particularly around the adoption of technology-led improvements”.
EnviroSuite said his addition to the team in an advisory capacity provides “strong validation” to the company’s environmental intelligence offering. Mr Calderon will provide active introductions to accelerate sales and provide feedback on messaging and refinement in its future product roadmap.
The appointment has also helped push the EnviroSuite share price higher this morning. The company said Mr Calderon’s experience at Orica and BHP Group Ltd (ASX: BHP) will be “invaluable”. He will focus on driving sales in several key segments such as mining, water, and airports.
That news has been well-received this morning with the EnviroSuite share price jumped more than 4% at the market open.
Mr Calderon will work closely with EnviroSuite CEO Jason Cooper to provide a range of high-level executive and project support. That includes strategic advice, preparing briefings, and also implementing strategic changes to support the achievement of the organisation’s operational objectives.
Furthermore, EnviroSuite has granted Mr Calderon 10,000,000 unlisted options as part of his remuneration package. 5,000,000 of those are exercisable immediately. However, 2,500,000 will vest in 12 months and the final 2,500,000 will vest in 18 months. The options have an exercise price of 20 cents per option and an exercise period of 4 years.
The news has sent the EnviroSuite share price surging in early trade. Shares in the Aussie company’s rose 4% to start the day on the back of the appointment.
Foolish takeaway
The EnviroSuite share price has climbed higher this morning after announcing its latest Advisor to the CEO. Mr Calderon brings deep industry expertise and an innovative mindset to the environmental intelligence solutions group.
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Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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