Liberty Defense Announces Management Change
Key Highlights
- ➤Bill Frain resigns as CEO effective October 31, 2026
- ➤Keith Teichmann appointed Interim CEO, effective October 31, 2026
- ➤Frain steps down from Liberty Defense’s board effective October 13, 2026
- ➤HEXWAVE installations exceed 20 sites, including major U.S. airports
- ➤Liberty cites recent wins across aviation, local government, and distribution markets
Expert Statements
Bill Frain, CEO of Liberty Defense
“Leading Liberty Defense has been a meaningful experience, and I am proud of the progress the team has made in advancing the Company’s business with HEXWAVE installations in over 20 sites including some of the largest airports in the country.”
Bill Frain, CEO of Liberty Defense
“Keith brings strong operational experience, proven leadership, and a clear understanding of our business and priorities. The board and I are confident in his ability to align the team, strengthen execution, and drive future growth at Liberty Defense.”
John Percival, Chairman of the Board of Liberty Defense
“On behalf of the board of directors, I would like to thank Bill for his leadership and contributions to Liberty Defense and for his commitment to supporting a smooth transition”
John Percival, Chairman of the Board of Liberty Defense
“We are pleased to have Keith Teichmann step into the role of Interim CEO, bringing his deep operational knowledge and leadership experience to guide the Company through its next phase of growth and execution.”
WILMINGTON, Mass., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (NASDAQ: DETX), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, today announced that Bill Frain is resigning as Chief Executive Officer and will step down effective October 31, 2026. Keith Teichmann, the Company’s current Chief Operating Officer, will assume the role of Interim Chief Executive Officer.
Bill will also step down from the board of directors, effective today, but is staying with the company through the end of this month to support an orderly transition and ensure continuity across the organization.
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