Australia's Firstwave Cloud Technology rises on CEO appointment

Firstwave Cloud Technology

07/01/2022 02:09

** Shares of Firstwave Cloud Technology Ltd  FCT.AX  rises
as much as 2.9% to A$0.072, their biggest intraday pct gain in a
week
    ** The cybersecurity tech firm says it has appointed Danny
Meher as the chief executive officer, effective Jan 10
 urn:newsml:reuters.com:*:nASN0021CQ
    ** Adds that interim CEO and Executive Chairman John Grant
will continue as chairman in a non-executive capacity
    ** Stock dropped 59.7% in 2021

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))