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Metal Storm Announces Executive Changes to Progress Growth Strategy.
Business Editors
ARLINGTON, Va.--(BUSINESS WIRE)--March 26, 2003
Metal Storm Limited (NASDAQ ticker symbol: MTSX and ASX trading code: MST) today announced important changes to its executive team, the purpose of which is to further accelerate its recent progress in securing United States R&D programs.
The personnel changes include:
-- the appointment of a new CEO, Chuck Vehlow, effective immediately; -- the company's founder and inventor of Metal Storm technology, Mike O'Dwyer, standing down as CEO to focus solely on innovation and product development. He will immediately assume the full time executive position of Director - Scientific Innovation; -- the imminent appointment of a new executive in Australia with responsibility for investor relations, business development and commercialization opportunities in Australia, United Kingdom, Europe and Asia.
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