Boresight leadership change: Justin Olde resigns as Director, James Prior steps in as acting CEO
Boresight Ltd (ASX: BST) announced on 6 November 2026 that Managing Director and Chief Executive Officer Justin Olde has resigned as a Director, effective immediately, due to a personal legal matter. The leadership transition puts James Prior in place as acting Chief Executive Officer.
Mr Olde remains an employee of the Company and has taken leave from his CEO role effective immediately to deal with the matter. The Board accepted the resignation as a Director and approved the leave.
At this stage it is not known what the outcome, or timeframe for resolution, of the matter will be.
The change comes only months after Boresight’s first listed quarter, which showed 55% annual revenue growth and a company still holding most of its IPO proceeds.
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Interim leadership structure in place
The Company has named an acting chief executive and a supporting executive director, so day-to-day leadership is covered from the outset.
James Prior steps up as acting Chief Executive Officer
Mr Prior is currently Boresight’s Vice President of Business Development. The Company outlined his background as follows:
- Previously held numerous senior management positions within various companies, including at Airbus Defence & Space and EOS Ltd
- Previous Managing Director experience
- BSc in Applied Science from the University of Canberra
- Member of the Australian Institute of Company Directors
As acting Chief Executive Officer, Mr Prior will be entitled to a salary of $230,000 per annum (plus superannuation). All other material terms of his employment with the Company remain unchanged.
Michael Sinkowitsch provides executive continuity
Michael Sinkowitsch, Founder and Executive Director, will support Mr Prior from an executive level continuity, delegation, strategy and governance perspective.
Mr Sinkowitsch is the principal public representative of the Company and leads its engagement with investors, shareholders, strategic partners and key stakeholders, across corporate strategy, capital markets engagement and investor relations.
Chairman’s statement and Board oversight
Dr Andrew Windsor, Chairman, addressed the structure now in place.
Dr Andrew Windsor, Chairman
“…I am confident that the interim structure put in place, with James Prior as the acting CEO, supported by Executive Director Michael Sinkowitsch, will continue to implement the plans already in place for the continued growth of Boresight.”
The Board’s stated actions are:
- Accepted Mr Olde’s resignation as a Director and approved his leave
- Will continue to monitor and communicate with Mr Olde regarding the legal matter
- Will determine any further steps to be taken accordingly
- Will provide whatever support to Mr Olde is deemed appropriate throughout this period
What happens next for Boresight shareholders
The Company’s stated next steps are:
- The Board will continue to monitor, and communicate with Mr Olde, in regards to the matter, and it is not known what the timeframe for resolution will be.
- The Company will continue to keep shareholders and the market informed and provide updates as appropriate and required.
Boresight delivers an integrated aerial target drone ecosystem that enables realistic C-UAS training and testing for government and industry.
Investors exploring how the company is funded through this period can read our detailed coverage of the Q1 FY27 cash and funding position, which sets out the quarterly cash burn, remaining runway and spending against the prospectus allocation.
Want to Learn More About Boresight’s Aerial Target Drone Ecosystem?
Boresight is delivering an integrated aerial target drone ecosystem for realistic C-UAS training and testing, with James Prior now acting as CEO and Michael Sinkowitsch providing executive continuity. The Board has stated its confidence that existing growth plans will continue under the interim structure.
Investors can explore the Boresight company website to review its drone technology, capabilities and strategic direction. It is a practical way to understand the business behind the leadership update.