What drove Appen’s (ASX:APX) shares over 2% higher today?

December 15, 2022 01:57 PM AEDT | By Tamnna

Image source: © Ralfliebhold | Megapixl.com

Share performance of Appen in a year

Even though the share price of Appen remained positive today, it fell by 0.56% over the last five trading sessions. In a month, Appen’s shares saw a drop of 6.51% while witnessing a significant loss of 47.94% over the six-month period. The value of Appen’s shares fell by 76.17% on a year-to-date (YTD) basis and by 72.82% in a year.

A glance at Armughan Ahmad appointment details

Armughan Ahmad, as the new CEO and president of Appen, brings more than 25 years of experience working with the forerunners of the technology industry. Mr Ahmad has previously served KPMG, Dell Technologies, and Hewlett Packard, with expertise in leading product, sales, and services organisations.

Talking about Mr Ahmad’s career milestones, he spearheaded KPMG's revolutionary services to product transition in Canada as president and managing director of Digital. He did this by creating exponential technology-based market solutions to speed up the industry sector targeted digital transformation for its users.

Mr Ahmad led the businesses for Dell EMC's cloud, high-performance computing, workload solutions, and alliances while serving as senior vice president of Dell Technologies before joining KPMG. At Hewlett Packard, 3Com, and other technology companies in the US, Europe, and Asian markets, he formerly held leadership positions.

Talking about Mr Ahmad’s appointment as CEO and managing director, Richard Freudenstein, chairman of Appen, said:

Data Source: Company announcement dated 15 December 2022

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