Engage XR announces Karthik Manimozhi to join its Board as next Non-Executive Chairman

– IRELAND, Waterford –  ENGAGE XR Holdings Plc (LON: EXR), a leading spatial computing and metaverse technology company, today announced the appointment of Karthik Manimozhi as the new Non-Executive Chairman effective from 1 July 2024, replacing Richard Cooper who will remain on the board as Senior Independent Director and Chair of the Audit Committee.

The company also announced that Marc Metis will join the Board as the representative of HTC which owns 11.96% of the total issued share capital, replacing Praveen Gupta who retired from the Board..

About Karthik Manimozhi

Karthik Manimozhi is a distinguished global executive renowned for orchestrating three billion-dollar exits, securing over $250M in capital, and scaling multi-billion-dollar SAAS software revenues. A proven rainmaker, he has demonstrated exceptional skill in scaling tech ventures, driving innovation, and fostering collaboration. He currently serves as CGO for Mindbridge.ai, a top AI platform delivering Financial Risk Intelligence for Enterprises. Backed by PSG (leading PE Firm), Forbes recognized Mindbridge.ai as a Top 50 AI platform.

Previously, Karthik Manimozhi was EVP of Global Sales at Kyriba, a leading Fintech company specializing in Liquidity Management for Enterprises. Under his leadership, global revenues tripled, quintupling the company’s valuation within four years to $1.2B.

With over 20 years of international management experience, Karthik Manimozhi has held key roles at SAP, managing vital businesses across Europe, the Americas, and the Middle East. He also served as Chief of Ecosystem and Executive Director of SAP Americas, contributing to deploying a diverse ecosystem that built a billion-dollar channel business.

His executive experience extends to roles as President and COO at 1-Page and Chief of Worldwide Partner Sales at a DELL EMC division. He was previously CEO and Board Director at LETUS (the trading name of Payslate Inc.), a Canadian Financial Services Marketplace for Renters.

His innovative vision, strategic insight, and unwavering commitment to excellence continue to shape the technology industry’s future. Based in California (USA), Manimozhi holds an MBA from Purdue, a master’s in international management from ESCP EAP Paris, and an Engineering degree from India.

Karthik Manimozhi, said: “I am deeply honored to join as Chairman and collaborate with the talented team at ENGAGE XR. I extend my sincere gratitude to Richard for his pivotal contributions throughout the IPO, capitalization, and expansion phases. Congratulations to the Executive team for their strong Q1 results under David’s visionary leadership. I am enthusiastic about our technology’s potential to transform industries by reimagining customer experiences for enterprises and bullish about the impact of our well-established transformative ecosystem partnerships.”

About Marc Metis

Marc Metis is an experienced leader driving innovation in XR, software, mobile, and consumer electronics, working in senior general management, product, marketing, and investment roles. He is Vice President at HTC where he has held a variety of planning, operating, and investment roles, reporting to the Chairwoman and CEO. He previously held senior management roles in the games and consumer electronics businesses, including CEO of venture-funded Digital Chocolate, VP of Global Brand Management at Activision, and VP, of Corporate Marketing at SanDisk. He began his career in strategy at management consulting firm McKinsey & Company. Marc graduated from Dartmouth College and earned an MBA from Harvard Business School.

About ENGAGE XR

ENGAGE XR Holdings plc is an extended reality (XR) technology company focused on becoming a leading global provider of virtual communications solutions through its new fully featured corporate metaverse.

The Company also has a proprietary software platform, ENGAGE. ENGAGE provides users with a platform for creating, sharing, and delivering VR content for education, training, and online events through its three solutions: Virtual Campus, Virtual Office, and Virtual Events.

SOURCE: https://engagevr.io/

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