Ted Pretty has been hired as chief executive of Covata, an ASX-listed company which has telecommunications company TPG Telecom as its largest shareholder.
Covata's shares are trading at around 10¢ after having been as high as 44¢ in mid-February. The company's main focus is cloud-based data security services for mobile phone services and other networks.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
