Damon Inc. (NASDAQ: DMN) ("Damon"), maker of high-tech, high-performance motorcycles, announced today a strengthening of its focus on operational excellence through the appointment of Damon co-founder, Dominique (Dom) Kwong as interim Chief Executive Officer, and Shashi Tripathi as Chairman of the board of directors (the "Board"). This leadership alignment reinforces Damon's commitment to accelerating production capabilities and operational efficiency.
Mr. Kwong assumes the interim CEO role after first serving on the Company's Board and as Chief Technology Officer and then subsequently its Chief Operating Officer between 2017 and 2023. As a goal and process driven executive with 25 years of experience in building technology companies in consumer and automotive sectors, Mr. Kwong has been instrumental in developing Damon's technological foundation and securing global patents for the Company's groundbreaking CoPilot and SHIFT technologies. His experience includes successful roles at Intel Corporation, Recon Instruments, and Sierra Wireless.
"This is a pivotal moment as we advance Damon's operational readiness, and I am honored to return to Damon as the interim CEO," said Mr. Kwong. "The Company has established key foundational elements: a talented engineering team, proven technological infrastructure, and strategic manufacturing partnerships. Our immediate focus will be on execution and operational development. Through disciplined pre-production management and systematic operational preparation, we expect to unlock substantial value for our stakeholders," continued Mr. Kwong
Mr. Kwong replaces Jay Giraud as CEO.
Current independent director, Shashi Tripathi, has been appointed as Chairman of the Board. Mr. Tripathi brings extensive experience in technology, operations, and manufacturing. As founder of Nurture Growth Fund and current CEO of Sleepiz USA, Mr. Tripathi has successfully led three companies to exits and maintains a strong track record in regulated industries. His expertise spans over artificial intelligence, SaaS, digital health, and FinTech, complemented by advanced degrees in industrial and mechanical engineering.
"As I step into the Chairman role alongside Dom as interim CEO, we are intensifying our focus on operational excellence," said Mr. Tripathi. "I am honored by this appointment and truly energized about Damon's promising outlook and opportunities ahead. Having spent my career focused on scaling companies and driving value through disciplined execution and robust financial management, I see tremendous potential in Damon's innovative approach to electric motorcycles. In this next chapter for Damon, as we move towards production, I look forward to working together with the team to implement the foundational systems and protocols that will strengthen our path forward," concluded Mr. Tripathi
