CEO departing for personal reasons. Announced on a Friday after close. Shock, doom and gloom discussion on HC (key person risk) but some consider it an appropriate time to find a CEO to move from research to commercialisation. Some lead time, January departure which is less worrying.

"announces the departure of Dr Mohammad Choucair as Chief Executive Officer (“CEO”). Mohammad will step down from the CEO role in January 2025 to ensure a smooth transition and handover. Mohammad retires from the Company for personal reasons, and the Board wishes Mohammad and his family the best for the future."

“Mohammad was a co-inventor of our advanced technology projects, leading the Company on a stronger future. With the transition to a semiconductor company, Mohammad has led the biggest transformation in the Company’s history and has set Archer up for a strong future,” 

“After nearly 7 years with Archer, I am proud of my contribution in transitioning the Company from a mineral explorer to a semiconductor company. The Company is in a good position, and I feel it is the right time to step down as CEO. " Dr Choucair.