Directorate Change

RNS Number : 3493B

Seeing Machines Limited

16 April 2012

 



Seeing Machines Limited

("Seeing Machines" or the "Company")

Appointment of Chairman

Seeing Machines Limited (AIM: SEE), a leading developer of facial image processing software for applications that rely on understanding the movement of human faces and eyes, announces the appointment of Terence (Terry) Ronald Winters, 67, as Non-Executive Chairman with effect from 16 April 2012.

Terry Winters has served as Chairman and director of several Australian and international listed and private companies and charities and is widely known and respected as a strategic leader. Terry is currently Chairman of Australian Home Care Services Pty Ltd, Converge International Limited and Intelledox Pty Ltd and is a director of Future Fibre Technologies Pty Ltd and Many Rivers Microfinance Ltd.

Terry led the team who created Optus Communications Pty Ltd, Australia's second telecommunications carrier from 1989-1992 and remained on the Optus Board until 1995. In order to establish Optus, $1.5 billion in private capital was raised from the initial shareholders to underwrite the acquisition of Aussat, pay the initial license fee and commence the immediate roll-out of the Optus network. Immediately following the award of the carrier license to Optus, Terry served as acting Chief Executive while a new management team was recruited. Prior to this in 1982, Terry founded Link Telecommunications Pty Ltd in Australia. He raised more than $50 million to fund several phases of growth to the point where it was generating over $200 million in annual revenues. He served at different times as CEO and Chairman until 1999. In addition, Terry spent 13 years on various boards of the Multiple Sclerosis Society in Australia. During this time he led the creation of a "for profit" subsidiary, achieving revenues today of greater than $100 million. Terry also served on several boards of Opportunity International, a global microfinance organisation operating in over 30 countries, ending his term as global chairman in March 2011.

Ken Kroeger, Managing Director and Chief Executive Officer of Seeing Machines commented: "We are delighted to have attracted someone of Terry's calibre. Terry has a track record of building highly effective businesses and his depth of experience will be invaluable to Seeing Machines. Terry's appointment comes at a key time for Seeing Machines as the business continues to focus on commercialisation."

The following information is disclosed pursuant to Rule 17, Schedule Two (g) of the AIM Rules.

Current Appointments	Previous Appointments
Australian Christian Lobby Australian Home Care Services Pty Ltd Converge International Ltd Future Fibre Technologies Pty Ltd Intelledox Pty Ltd Iogenyx Pty Ltd Many Rivers Microfinance Ltd Nationwide Aged Care Services Pty Ltd	Ablecare Attendant Care Pty Ltd ACN 079 152 686 Pty Limited A.C.N. 116 094 510 Limited Aerospace Engineering Services Pty Ltd Banksia Technology Pty Limited Commander Communications Limited Multiple Sclerosis Australia Multiple Sclerosis Research Australia Limited Multiple Sclerosis Society of New South Wales Netcomm Wireless Limited Schneiderrai Pty Ltd

Commander Communications Limited, a company in which Mr Winters was a director, was placed into administration in 2008.

Mr Winters currently has no beneficial interest in the issued share capital of the Company.

Seeing Machines Limited	Ken Kroeger, Managing Director & CEO	[phone]
Daniel Stewart & Company plc	David Hart/James Thomas	[phone]
Walbrook PR Ltd	Helen Westaway Paul Cornelius	[phone] [phone] [e-mail] [phone] [e-mail]

 

END

 

 

BOAZMGMDVFNGZZM