Di Gregorio to Step Down as CEO of Frontier Digital Ventures

Company - People | Jun 03, 2025 | Aim Group

Di Gregorio to Step Down as CEO of Frontier Digital Ventures

Shaun Di Gregorio, co-founder, and CEO of Malaysian marketplace operator Frontier Digital Ventures (FDV) has resigned, citing the challenges of commuting between Ireland and Malaysia. Di Gregorio will step down on November 30, transitioning to a non-executive director role. Under his tenure, FDV expanded significantly, spanning 17 countries and achieving financial success, including profitability and positive cash flow. Anthony Klok will be replaced by co-founder Patrick Grove as chairman. Grove, with extensive digital business experience, will guide FDV's strategic direction. FDV reported positive cash flow in Q1 2025, marking a turnaround after previous negative cash flow quarters.

Sectors

  • Digital Marketplaces
  • Technology

Geography

  • Malaysia – The headquarters of Frontier Digital Ventures is located in Kuala Lumpur, Malaysia, making it a central geography for the company.
  • Ireland – Shaun Di Gregorio's family is based in Dublin, Ireland, which is relevant to his decision to step down.
  • Global – The operations of Frontier Digital Ventures span 17 countries across three continents, emphasizing its global footprint.

Industry

  • Digital Marketplaces – Frontier Digital Ventures is a company operating global online marketplaces, indicating its involvement in the digital marketplace industry.
  • Technology – The technological expansion and operations across 17 countries classify Frontier Digital Ventures in the technology sector.

Financials

  • $390,000 – FDV's positive cash flow in the first quarter of 2025, marking a recovery from previous negative cash flow quarters.

Participants

NameRoleTypeDescription
Shaun Di GregorioOutgoing CEO & Co-founderPeopleCo-founder of FDV, stepping down from the CEO role to serve as a non-executive director due to personal reasons, has contributed significantly to the company’s global expansion.
Frontier Digital Ventures (FDV)CompanyTarget CompanyA Malaysia-based operator of global online marketplaces, founded in 2014, and involved in significant international growth.
Patrick GroveIncoming Chairman & Co-founderPeopleCo-founder of FDV, appointed as chairman, with a strong background in digital businesses across emerging markets.
Anthony KlokOutgoing ChairmanPeopleFormer chairman of FDV, stepping down and will remain a non-executive director until a new independent director is appointed.