Bill Identity (ASX:BID) share price is up today. Here’s why.

Software company Bill Identity Ltd (ASX: BID) share price is up 1.27% today, after the company announced the appointment of a new chair.

At the time of writing, the Bill Identity share price is trading at $1.20, after rising by as much as 5 cents earlier in the day.

Who’s the new chair?

Bill Identity has appointed prominent Australian media executive Peter Tonagh as its non-executive chair, effective immediately. He will replace Geoff Kleemann, who has been serving as interim chair and will remain as a non-executive director.

Tonagh is the former CEO of Foxtel and News Corporation (ASX: NWS), having served as chief operating officer of both companies. He held the role of Foxtel’s chief financial officer for 9 years.

He also…