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Clever appoints new directors in reshuffle

Clever appoints new directors in reshuffle

Fixed wireless broadband operator Clever Communications (ASX:CVA) has hired two new directors in a board reshuffle.

The company has appointed BigAir CEO Jason Ashton and Charles Chapman, its recently-appointed CFO, to the board.

BigAir, a fellow fixed wireless broadband operator, has arranged to acquire Clever in a takeover bid valuing the takeover target at about $9.5 million.

BigAir's holding in Clever passed the 90% compulsory acquisition threshold on January 7, and as of Thursday had reached 93.1%, ASX filings show.

Clever also revealed it had appointed Chapman company secretary, replacing managing director Scott Carter who had been standing in as interim secretary.

Tim Watson, non-executive director and former general manager of strategic development for Clever, has meanwhile resigned his post.

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Tags ASX:CVAClever CommunicationsbigairCharles ChapmanTim WatsonreshuffleScott CarterMergers and acquisitionsJason Ashton

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