Satellite IoT company Myriota announced the appointment of Richard Leon as Chief Financial Officer as the company prepares for its next phase of global growth and an upcoming capital raise.
Leon joins Myriota following a career leading technology companies through major growth milestones, including global expansion, strategic acquisitions and successful capital raises. Most recently, he served as Chief Financial Officer at Altium Limited, returning to the company after serving as its CFO from 2008 to 2016. He played a central role in Altium’s landmark A$9.1 billion acquisition by Renesas Electronics and led a capital raise totalling A$45 million. Between those appointments, Leon was Chief Financial Officer at Infomedia Ltd from 2016 to 2021, where he led an A$85 million raise and delivered a fourfold increase in Infomedia’s share price during his tenure.
His appointment comes at a pivotal stage in Myriota’s growth. The company is advancing its position as the global platform for physical world intelligence, enabling organisations to connect remote assets at scale and transform field data into operational insight. Richard’s experience helping technology companies navigate defining periods of growth will be instrumental as Myriota prepares for its next phase of expansion.
“Richard is a world-class technology CFO with an exceptional track record for helping innovative companies scale globally,” said Ben Cade, CEO of Myriota. “Beyond his impressive achievements, Richard is himself making the decision to join a business whose mission, global potential and relentless approach to growth align. We’re delighted that he sees the opportunity ahead at Myriota as we build the leading platform for physical world intelligence.”
“Throughout my career, I’ve been fortunate to work with technology companies at pivotal stages of growth. Myriota has all the ingredients of a category-defining business: differentiated technology, a growing global market and a talented team with a clear vision,” said Leon. “I’m excited to partner with Ben and the team to execute that vision, build on the company’s strong financial foundations and support the next stage of Myriota’s growth.”
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