CEO of procurement management platform Felix steps down

Felix Group Holdings (Felix), a Brisbane-based company that operates a cloud-based enterprise SaaS procurement management platform and vendor marketplace, has advised that Mike Davis has resigned from the CEO role.

He will step down from the role effective from the AGM on 12 November 2025, but remain with the company as an advisor to ensure a smooth leadership transition process.

He co-founded Felix in 2012, and under his leadership, Felix has evolved from an online marketplace for subcontractors in construction into an enterprise platform servicing contractors across a range of capital-intensive sectors.

Felix connects enterprises and third-party vendors by digitising, automating, and streamlining a range of critical procurement-related business processes – reducing supply chain risk and improving transparency and governance.

The decision to step down reflects Davis' increasing travel demands while balancing family commitments, and a mutual view with the board that Felix’s next phase of growth will be best supported by a Brisbane-based CEO.

The board has commenced a formal search process to appoint a new CEO and will update the market once the appointment is finalised. The search process will focus on identifying a "high-quality leader who can build on the strong foundations in place and position the company to capture its compelling growth opportunities".

In the interim, Felix’s CFO, James Frayne, will lead the company as Interim CEO, effective from 12 November 2025 to ensure continuity and a smooth transition until a new CEO is appointed. Frayne has been in the role of CFO since 2014. 

“Under [Mike's] guidance, Felix has significantly expanded its enterprise platform, executed a clear strategic vision, and achieved consistent growth since listing on the ASX," Felix’s chairman Michael Bushby commented.

"Mike also played a pivotal role in delivering the Company’s successful IPO and most recently led the strategic acquisition of Nexvia, which will accelerate our Vendor monetisation strategy. The Board is deeply grateful for Mike’s dedication and achievements and wishes him every success in his future endeavours.”

Davis said it was a privilege to lead Felix through a period of significant growth and transformation.

"Together, we have built a scalable enterprise platform, executed a clear strategic vision, and positioned the Company for continued success," he said.

"With Felix entering its next phase of growth, and given increasing travel demands alongside family commitments, I believe now is the right time to transition to a Brisbane-based leader who can continue to drive the Company’s strategy forward. I remain deeply supportive of the business and look forward to watching Felix’s continued success.”