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Australia's DroneShield rebounds as Jefferies backs new CEO, chair

ReutersApr 9, 2026 4:05 AM
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Shares of DroneShield DRO.AX rise as much as 3.8% to A$3.58

On Wednesday, tumbled 13.5%, after drone tech firm said CEO Oleg Vornik and Chairman Peter James would step down

Exits come after top executives, including Vornik and James, received scrutiny over selling off company shares in November

Jefferies ("hold", PT A$3.70) says Chief Product Officer Angus Bean's elevation to CEO is 'natural replacement' and brings depth of product and software knowledge

Adds, Hamish McLennan's appointment as chair is "solid" given roles as former CEO of Ten Network and current chair of advertising co, REA Group REA.AX

However, flags achievability of long-term incentives given selloffs, slower committed revenue pipeline growth, easing of geopolitical uncertainty

*Stock up 13.5% YTD

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