Seeing Machines Limited Board changes (6552U)
July 16 2018 - 1:00AM
UK Regulatory
TIDMSEE
RNS Number : 6552U
Seeing Machines Limited
16 July 2018
16 July 2018
Seeing Machines Limited
Jack Boyer appointed Chairman designate and Ken Kroeger becomes
CEO
Seeing Machines Limited (AIM: SEE, "Seeing Machines", the
"Group"), the advanced computer vision technology company that
designs AI-powered operator monitoring systems to improve transport
safety, has appointed Jack Boyer OBE, non-executive director and
Chairman designate with immediate effect.
Ken Kroeger, currently Chairman and interim CEO, becomes CEO on
a permanent basis. Ken retains the position of Chairman until 1
January 2019, when Jack takes over.
Jack Boyer, who is based in the UK and holds US and UK
citizenship, is a highly experienced non-executive director with
significant expertise in the advanced materials and technology
sectors. Jack is currently non-executive director at Mitie plc,
non-executive director of TT Electronics plc, a board member of the
Sir Henry Royce Institute for Advanced Materials and Chairman of
Academies Enterprise Trust.
In his prior roles, Jack was Chairman of Ilika plc,
non-executive director of Laird plc, Deputy Chairman of the
Advanced Materials Leadership Council (BEIS), Council Member of the
Engineering and Physical Sciences Research Council and the Innovate
UK Energy Catalyst. Jack also previously founded and was Chief
Executive Officer of several companies in the engineering,
telecommunications and biotechnology sectors and prior to this, was
an investment banker at Goldman Sachs and a strategy consultant at
Bain & Co. In 2015, Jack was awarded an OBE in the Queen's
Honours for his services to the fields of Science and
Engineering.
Ken was appointed CEO in 2011 and then Chairman in 2017. He also
took the role of interim CEO in early 2018.
Jack Boyer OBE, Chairman designate, commented:
"I am delighted to be joining the business at this very exciting
phase of its global development. Seeing Machines is poised to
realise its ambition to be the global market leader in AI-driven
vision technologies.
"Under Ken's leadership, Seeing Machines has developed into a
recognised world leader in driver and operator monitoring
technology, which enhances safety across multiple transport
sectors. I look forward to working with him and the team."
Ken Kroeger, Chairman and CEO, commented:
"I would like to take this opportunity to welcome Jack. He
brings a considerable wealth of highly relevant sector experience
and listed company expertise. I greatly look forward to working
closely with Jack as we navigate the vast and exciting
opportunities which lie ahead for the business."
Jack Byron Boyer, aged 58, holds or has held the following
directorships or partnerships in the past five years:
Current Directorships and/or partnerships: Former directorships and/or partnerships
(within the last five years):
Mitie Group plc Laird Plc
TT Electronic plc Department for Business, Innovations
and Skills (BIS)
Academies Enterprise Trust Ilika plc
Henry Royce Institute Iqur Ltd
Southampton Asset Management Limited
Engineering and Physical Sciences
Research Council
University of Southampton
Godolphin & Latymer School
Forum for the Future
Save as disclosed above, there are no other disclosures required
in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM
Rules for Companies.
Enquiries:
Seeing Machines Limited www.seeingmachines.com +61 2 6103 4700
Ken Kroeger, Chairman and CEO
Sophie Nicoll - VP, Marketing & Communications
Cenkos Securities plc (Nominated Adviser and
Joint Broker)
Neil McDonald/Beth McKiernan/Pete Lynch +44 131 220 6939
Canaccord Genuity Limited (Joint Broker) +44 20 7523 8000
Simon Bridges/Richard Andrews/Alexander Napier
Instinctif Partners +44 20 7457 2077
Adrian Duffield/Kay Larsen/Chantal Woolcock
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
About Seeing Machines
Seeing Machines (LSE: SEE), a global company headquartered in
Australia, is an industry leader in computer vision technologies
which enable machines to see, understand and assist people. The
Company's machine learning vision platform has the know-how to
deliver real-time understanding of drivers through Artificial
Intelligence (AI) analysis of heads, faces and eyes. This insight
enables Driver Monitoring Systems (DMS), which monitor
driver/operator attention and can identify drowsiness and
distraction across multiple transport sectors.
Seeing Machines develops DMS systems for the Automotive,
Commercial Fleet, Aviation, Rail and Off-Road markets. The Company
has offices in Australia, USA, Europe and Asia, and delivers
multi-platform solutions ranging from embedded software and
processors to aftermarket system and service solutions to industry
leaders in each vertical.
DMS is now considered a core safety technology for the
Automotive industry, particularly with the development of
semi-autonomous and self-driving cars. DMS is also increasingly
seen to be an integral safety feature across the Commercial
Transport & Logistics industry globally.
www.seeingmachines.com
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END
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