The company’s chief operating officer, Patrick Matweew, has been promoted to CEO.
Livingston, who founded Redback, said he felt it was now time to bring on a seasoned executive to lead the company through its next phase of growth and day-to-day operations.
“Redback has gone through a massive growth phase over the past three and a half years, where we have established alliances with leading edge partners like Microsoft, The University of Queensland and EnergyAustralia.
Commenting on Livingston’s decision, Matweew said: “Phil is a visionary entrepreneur who has created one of Australia’s most exciting start-ups in a sector that’s been ripe for disruption.
“Under his leadership, Redback Technologies has achieved many significant milestones in a very short period, which is testament to Phil’s entrepreneurial spirit and leadership skills.”