Myriota appoints new CFO

Satellite company Myriota has welcomed Richard Leon (pictured) as its new chief financial officer in May as the company aims to advance its position as the global platform for physical world intelligence.

Leon has over 35 years of expertise in scaling high-growth technology companies through complex funding rounds, strategic acquisitions, and international expansion.

He joined the company after serving as interim chief financial officer and senior vice president during his second run at Altium Limited, following his four years as chief financial officer at Infomedia, where he raised $85 million and delivered a fourfold increase in its share price.

Leon returned to Altium after serving as chief financial officer from 2008 to 2016.

More recently at Altium, Leon was a member of the team behind its $9.1 billion acquisition by Renesas Electronics and led a capital raise totalling $45 million. Leon has led tech companies through major growth milestones, including global expansion and strategic acquisitions.

“Throughout my career, I’ve been fortunate to work with technology companies at pivotal stages of growth. Myriota has all the ingredients of a category-defining business: differentiated technology, a growing global market and a talented team with a clear vision,” Leon said.

Myriota said Leon’s experience would be instrumental in shaping its next phase of expansion and investor engagement ahead of its upcoming funding round and successful capital raises.

"Richard is a world-class technology CFO with an exceptional track record for helping innovative companies scale globally,” said Ben Cade, chief executive at the firm.

"Beyond his impressive achievements, Richard is himself making the decision to join a business whose mission, global potential and relentless approach to growth align. We're delighted that he sees the opportunity ahead at Myriota as we build the leading platform for physical world intelligence,” Cade said.

Leon said: “I’m excited to partner with Ben and the team to execute that vision, build on the company’s strong financial foundations and support the next stage of Myriota’s growth.”