SYDNEY: HighCom Limited (ASX: HCL) has appointed Todd Ashurst, DSM, as Group Chief Executive Officer, following an extensive recruitment process.
Mr. Ashurst brings to HighCom 32 years of distinguished military service with the Australian Army, where he ascended to the rank of Brigadier. His career includes senior command and executive appointments within the Australian Defence Force, such as Head of Australian Army Logistics and final commander of Task Group Afghanistan.
During his deployment, he also served as the NATO Combined Joint Operations Officer, overseeing strategic planning and execution of daily operations across Afghanistan. Prior to his departure from full-time military service in March 2023, he held the position of Director General Support at Headquarters Joint Operations Command, responsible for logistics, health, and personnel for all Australian operations.
Ashurst initially joined HighCom on Sept. 11, 2023, as Vice President of International Defence Programs, later advancing to Group Chief Operating Officer on Feb. 13, 2024. He took on additional responsibilities as General Manager Technology Division from July 1, 2024, and has been the most senior executive in the Group since July 31, 2024. His leadership has been pivotal in returning the Group to profitability for the first half of fiscal year 2025.
“On behalf of the Board, I am delighted to announce the formal appointment of Todd Ashurst, DSM, as HighCom’s Group Chief Executive Officer,” said Ben Harrison, HighCom Chairman.
“Todd has a wealth of experience and a distinguished track record of success. We are confident that his leadership will continue to be instrumental in guiding HighCom as it executes its strategic objectives.”
According to ASX Listing Rule 3.16.4, the material terms of Ashurst’s remuneration include a base salary of $310,000 per annum plus 11.5% superannuation and a cash bonus of up to $40,000 per annum, paid at the Board’s discretion based on qualitative and quantitative assessments of his contributions as CEO. A six-month notice period applies.