Business
Chief Financial Officer
Chief Financial Officer.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 3203I Seeing Machines Limited 23 November 2018 \n\n \nSeeing Machines Limited\n \n \n23 November 2018\n \nChief Financial Officer\n \nSeeing Machines Limited (AIM: SEE, \"Seeing Machines\" or the \"Group\"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety announces that James Palmer, Chief Financial Officer, is to step down from his position for personal reasons. \n \nJames leaves with the Board's appreciation and thanks for the substantial contribution he has made during his time with Seeing Machines. Over the past four years, the Group has grown from 50 employees to over 200 and achieved a four-fold revenue increase1. James has been fundamental in supporting this growth through new system implementation, business process improvement, office expansion to the UK, Germany and Japan, as well as the introduction of maiden debt to fund program development in response to increased demand for Seeing Machines' technology across multiple transport sectors. James has also worked closely with our brokers and advisors in that time and been instrumental in a number of successful capital raisings.\nThe Group is in the final stages of appointing a new Chief Financial Officer and expects to make an announcement shortly. James will remain with Seeing Machines until mid-January in order to provide an orderly and comprehensive handover to his successor.\n \nKen Kroeger, CEO at Seeing Machines said: \n \n\"The last few years at Seeing Machines have been times of constant change and growth. This growth has been driven by a number of factors, including James' hard work and dedication to the business.\n \nI'd like to personally and publicly thank James for his tremendous contribution to the business, his support and his friendship during his time here and to offer him and his family our best wishes for the future.\"\n \n \n1on a normalised basis excluding the one-off license fee from Caterpillar in FY16\n \nEnquiries:\n \n\n\n\nSeeing Machines Limited www.seeingmachines.com\n\n\n+61 2 6103 4700\n\n\n\n\nKen Kroeger - CEO \nSophie Nicoll - VP, Marketing & Communications\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCenkos Securities plc (Nominated Adviser and Joint Broker)\nNeil McDonald/Be...