Xref Limited (ASX:XF1) has announced the retirement of Chair Mr. Tom Stianos, with Mr. Nigel Heap elected as his successor, effective 1 May 2026. Mr. Heap, who joined Xref in 2016, has been pivotal in transitioning the company to a high-margin annuity subscription business. The smooth leadership transition is supported by directors Jon Newbery and Jake Philpot. Outgoing Chair Tom Stianos expressed confidence in Nigel's ability to lead the company forward, citing his global HR and recruitment sector experience.

Founder and CEO Lee-Martin Seymour expressed gratitude to Tom for his guidance during a crucial period for Xref. The company's transformation into a subscription-led business has positioned it for long-term growth. Xref operates as a SaaS employer intelligence platform, streamlining HR tasks through automated workflows. It provides actionable insights through advanced analytics, AI tools, and data science, enabling organizations to make informed decisions across the "hire-to-retire" lifecycle.

Xref's competitive edge lies in its verified data archive, securing millions of career histories and employee opinions built over 16 years. The infrastructure, accessible through a scalable API, supports the wider HR tech ecosystem with reliable talent data. Led by CEO Lee-Martin Seymour, Xref's focus on client satisfaction drives innovation, offering engagement and exit surveys to meet industry demands. For more information or inquiries, please visit xref.com or investors.xref.com. Investors are encouraged to reach out with any questions or feedback. Thank you for your continued support.