Swarmer, Inc (NASADQ: SWMR) shares was in the red Friday. The Ukraine-based company, a drone autonomy software concern, announced today the appointment of Mykhailo Nestor as chief product officer.
In this role, Nestor will lead product strategy and development of Swarmer's software platform, which has supported more than 100,000 real-world combat missions in Ukraine since April 2024.
This morning’s news release reports Nestor’s appointment comes as Swarmer expands into allied defense markets, where demand is growing for software that coordinates autonomous systems, including swarm coordination, multi-domain integration, AI-powered collaborative autonomy and command-and-control for distributed robotic operations.
“Mykhailo has spent his career building software infrastructure at an impressive scale and is the right person to lead our product team,” said Swarmer’s Global CEO Serhii Kupriienko. “Swarmer’s software operates across multiple hardware platforms and domains in some of the most demanding environments on earth. We believe that Mykhailo’s experience and leadership will be invaluable as we expand into new markets, like counter-UAS and smaller …UAS systems.”
Nestor joins Swarmer from Kyivstar Group Ltd., a part of the global telecommunications group VEON Ltd. At Kyivstar, Ukraine's largest digital operator with a market capitalization of approximately $2.8 billion, Nestor served as chief product officer and board member for seven years. During his tenure, he built and led the product organization responsible for large-scale digital platforms and services used by millions of customers. He also helped establish Kyivstar.Tech, a dedicated technology company focused on modern digital product development.
SWMR shares backpedaled $1.17, or 3%, to $37.11.
