IOT Group Limited announced the appointment of Steven Kayalicos as its Chief Executive Officer and as an Executive Director. Steven is the founder of The Product Group Pty Limited. In order to keep the IOT Board efficient, Tod McGrouther will resign from the IOT Board and be replaced as a Director by the IOT Group founder, Sean Neylon.

Ian Duffell will also resign as a Director, though will continue to advise the Company and the Board on Strategic Business Development.