Management ChangeMay 26, 2026, 06:06 AM
Sharon AI Appoints Andrew Penn as Chairman of the Board
AI Summary
Sharon AI Holdings Inc. appointed Mr. Andrew Penn as non-executive Chairman of its Board of Directors, effective May 21, 2026. Mr. Penn, a global business and technology leader with deep experience across financial services, technology, and telecommunications, will also serve on the Corporate Governance and Nominating, Compensation, and Audit and Risk Management Committees. His compensation package includes an initial grant of 40,000 restricted stock units, an annual grant of 6,944 restricted stock units, and $165,000 in annual cash compensation.
Key Highlights
- Andrew Penn appointed Chairman of Sharon AI's Board of Directors.
- Penn will serve as a Class II director until the 2027 annual meeting.
- Appointed to Corporate Governance, Compensation, and Audit & Risk Management Committees.
- Receives an initial grant of 40,000 restricted stock units (RSUs) vesting over 3 years.
- Receives an annual grant of 6,944 RSUs vesting over 1 year.
- Annual cash compensation for his role is $165,000.
- Penn previously served as CEO of Telstra (2015-2022) and AXA Asia Pacific Holdings (2006-2011).
Price Impact
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