Insights

MOQ Announces CEO Joe D'Addio's Retirement

12 Oct 2021, MOQdigital

IMG_4224Today we have a very special announcement: as of the 12th of October 2021, current MOQ Limited Chief Executive Officer Joe D’Addio will be retiring and handing the reigns to Peter Ward as MOQ’s new CEO. 

Joe - alongside business partner Scott McPherson - originally founded the company in 2005 under the name of Technology Effect. He then successfully led the company to its public listing on the ASX in 2015, setting off the beginning of a new era of acquisitions that have dramatically increased MOQ’s capabilities across the IT landscape. 

Peter joined MOQdigital in 2019 following the acquisition of WARDY IT Solutions, having grown the company to become Australia’s leading provider of Data Platform and Data Analytics solutions and services including the industry-leading Virtual DBA service 

When deciding on who would be the best choice for his replacement, Joe and the Board were impressed by Peter’s background, expertise and understanding of the MOQ business strategy and decided he had the right hands to trust with leading MOQ into its bright new future. 

Speaking on his decision to retire, Joe said that while it wasn’t an easy call to make, he feels that he has ultimately made the right decision after considering his deep understanding of the demands of the role, the needs of the business and where he was personally in his own life journey. 

Joe said:

“Over the last 2 years we have pivoted the MOQ business and positioned it to capitalise on the opportunity that is the accelerating Digital Transformation market. The acquisitions of WARDY IT Solutions and Dienst Consulting, the sale of Skoolbag and the re-engineering of our more traditional infrastructure line of business, now provides MOQ with the platform for further growth and success in this accelerating market.  In parallel, we have assembled a strong senior leadership team, through a combination of external hiring of experienced industry leaders and the retention of founders and key staff from our acquisitions.” 

“I firmly believe that the business now needs a Chief Executive Officer who has the capability, market knowledge, ambition, and energy to take MOQ to the next level and that the timing is right for me to step aside and enable that transition.”  

However, any of you who know Joe know that he wouldn’t step aside without making sure that MOQ is ready to embrace its new chapter wholeheartedly. That is why he we will be working alongside Peter, and the rest of the MOQ executive team, in a non-executive director role to ensure that the transition is as smooth as possible. Joe will also continue to assist with MOQ’s merger and acquisition activity moving forward. 

Joe said:

"I would like to congratulate Peter on his appointment. His experience in the market, through building and growing the WARDY IT Solutions business and then the subsequent 2 years with MOQ since, provides an excellent basis for the demands of the CEO role at MOQ Limited. As a shareholder, Director and now ex CEO I am looking forward to continuing my involvement with Peter and the team at MOQ Limited.” 

The change of leadership will take effect from Monday the 8th of November but in the meantime, we hope you will join us in thanking Joe for everything he has contributed to MOQ over the years and wishing him the best of luck in this new phase of his life. 

And as always, if you had any questions or concerns about this new change in leadership, please don’t hesitate to reach out.