Nixxy, Inc. (NASDAQ: NIXX) (“Nixxy” or the “Company”), today announced that on July 2, 2026, the Company’s Board of Directors of Nixxy has appointed current Chairman of the Board, David Kratochvil, to the position of Chief Executive Officer, effective July 2, 2026. Mr. Kratochvil will succeed Mr. Mike Schmidt, who stepped down to pursue other opportunities. To ensure continuity of leadership and seamless execution of the company’s strategic vision, Mr. Kratochvil will maintain his role as Chairman of the Board, assuming the title of Chairman and Chief Executive Officer.

Mr. Kratochvil has been Served on Nixxy’s Board of Directors since January 2025 and as Chairman of the Board since January 2026, playing a pivotal role in shaping Nixxy’s strategic direction and governance. With over 30 years of Wall Street experience ranging from venture capital, private equity and emerging market equity investing to investment banking and structuring tax-advantaged deals, he brings a deep understanding of the company’s operations, culture, and market opportunities to the CEO role.

"David Kratochvil’s appointment as CEO is the ideal move to accelerate our strategic goals," said Elsa Sung, Audit Committee Chair. "As Chairman, Mr. Kratochvil has already been instrumental in guiding our highest-level decisions. By combining the roles of Chairman and CEO, the Board is ensuring a unified, decisive leadership structure that will allow us to move quickly, innovate, and maximize value for our shareholders."

In his dual role, Mr. Kratochvil will oversee Nixxy’s major strategic evolution in the technology, AI, infrastructure, energy, and capital markets, drive the execution of its growth strategy, and continue to lead the Board of Directors.

"I am honored to expand my role at Nixxy during such a transformative time for our industry," said David Kratochvil. "Having worked closely with our executive team and the Board, I know firsthand the incredible talent and potential within this organization. My absolute priority is ensuring Nixxy delivers long-term and sustainable shareholder value. We are sharpening our focus, optimizing our capital allocation, and positioning our core segments for unprecedented growth."

The Board also wishes to recognize the contributions of Mr. Mike Schmidt for his dedicated service to the company over the past year.

The Company’s Board of Directors also elected Mr. Simon Kearney as a member of the Board of Directors on June 29, 2026. Mr. Kearney is a senior business owner-operator with decades of leadership in hospitality, commercial real estate, asset management, and strategic growth initiatives. Since January 2012, he has served as President and CEO of Kilkenny LLC, and since January 2015, he has served as President and CEO of Killane LLC, where he provided management duties for real estate holdings. He also served as President of Kilnock, Inc. from March 2003 until September 2023.

About Nixxy, Inc.
Nixxy, Inc. (NASDAQ: NIXX) is an AI communications and data infrastructure company focused on next-generation digital infrastructure platforms positioned at the intersection of artificial intelligence, high-performance compute, energy, and data center infrastructure. Through its evolving strategic platform, the Company is pursuing large-scale opportunities supporting the rapidly growing global demand for AI compute capacity, sovereign AI initiatives, and next-generation energy-backed digital infrastructure.

Nixxy’s strategy includes the development and acquisition of AI data center assets, power infrastructure, communications technologies, and scalable digital infrastructure platforms designed to support the future of enterprise and hyperscale artificial intelligence deployment.

For more information, visit www.nixxy.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260708814321/en/