Seeing Machines names new CEO, shuffles boardroom
Seeing Machines, the London-listed AI based driver monitoring tech firm has announced a series of management changes including the appointment of a new CEO.
The firm, whose advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, said Paul McGlone, currently General Manager of the Fleet division and interim Chief Executive Officer (CEO), has been appointed CEO on a permanent basis with immediate effect.
He will also join the board as an executive director.
McGlane has significant experience in management, public company leadership as well as logistics, supply chain management and technology driven businesses.
Seeing Machines also announced that Luke Oxenham, CFO, has informed the board of his intention to resign as a director and to leave the company at the end of July to pursue an opportunity in his home town of Sydney, Australia.
Michael Cameron, an experienced CFO with significant listed company experience, has been appointed interim CFO while a formal process is undertaken to find a permanent replacement.
Cameron has most recently been engaged with KPMG's CFO Advisory Services and specialises as an interim CFO.
Prior to that he was CFO of Alltype Engineering Pty Ltd for over six years. He is a Chartered Accountant, holds an Executive MBA, and is a graduate of the Institute of Company Directors.
Cameron is expected to start immediately and will work with Luke in the coming four weeks to ensure an orderly transition.
During his time as interim CEO, Paul McGlone has reset the Company's strategy to continue to build market share across the Automotive and Fleet divisions in the near term, whilst also leveraging its significant Intellectual Property (IP) across a number of other transport verticals.
Some senior leadership changes have been implemented to effect these changes.
Dr Mike Lenné will succeed Paul McGlone as GM of Fleet and has been appointed SVP, Fleet and Human Factors.
Lenné has established the company's unique Human Factors approach over the past five years, developing and mining significant datasets to validate and inform the ongoing advancement of Seeing Machines' industry leading platform technology.
He has led numerous public private partnerships to achieve this and has a deep understanding of the Fleet business and the Guardian product.
Lenné’s global reputation as a preeminent expert in driver safety, as well as his sound commercial competence, will ensure Guardian continues to deliver on driver safety across the global fleet industry while providing improved returns to Seeing Machines.
He will continue to influence the global driver safety agenda as Human Factors lead, as well as maintain crucial relationships with customers, partners and regulatory bodies around the world, the company said.
Ryan Murphy, COO and Company Secretary, will relinquish the role of Company Secretary to enable him to broaden his focus as COO to include leveraging the Company's IP assets which will allow Seeing Machines to pursue profitable business across a wider range of customers, more rapidly.
This will involve working with various customers and partners to explore potential new revenue streams across the Company's existing markets.
Susan Dalliston, Seeing Machines' General Counsel, will assume the role of Company Secretary from Ryan Murphy, effective immediately. She is an experienced Company Secretary, and will continue to work with Ryan to ensure a smooth transition.
"On behalf of the Board, I am delighted to welcome Paul to the position of CEO”, said Kate Hill, Interim Chair of the Board.
“Paul is already well established in the business, has strong relationships with the management group and has developed a deep understanding of the technology since he joined us in 2018.
“During his time at Seeing Machines, he has clearly demonstrated the qualities required to steer the Company successfully through the next, highly promising phase of its growth.
"The executive changes are critical to allow us to deliver on our reset strategy, and we are fortunate to be able to welcome Mike, Ryan and Susan to their expanded roles within the business.
"We thank Luke for his contribution to Seeing Machines, in particular for the continued maturing of the finance function under his leadership, and wish him success in his new role.
"Personally, I look forward to working closely with Paul and his team to deliver value to shareholders through maintaining a clear focus on the needs of our employees, customers and partners."
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