Business
Senior Leadership Transition
Senior Leadership Transition.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 2585B Seeing Machines Limited 05 June 2019 \n\n05 June 2019\n \nSeeing Machines Limited\n \nSenior Leadership Transition \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 a transition in its Senior Leadership personnel. \n \nChief Executive Officer \n \nSeeing Machines advises that Mr Ken Kroeger, Chief Executive Officer (\"CEO\") and Executive Director, has resigned as CEO of the Group and will also be stepping down from the Board of Directors (\"Board\"), effective immediately.\n \nMr Kroeger was appointed CEO in 2011 and has been pivotal in evolving the Company into a recognised global leader in computer vision, eye-tracking and driver monitoring technology. Seeing Machines is now extremely well placed to capitalise on significant large scale, mass market opportunities in the Automotive and commercial fleet and transport industries. \n \nIn communicating his decision, Mr Kroeger has acknowledged that the Company now requires a CEO who can commit, long-term, to the successful delivery of the unique strategic opportunity that Seeing Machines has established. \n \nThe Board advises that Mr Paul McGlone will act as CEO on an interim basis. \n \nSince joining the Group in 2018, Mr McGlone has led the Seeing Machines Fleet business while conducting a detailed review of that business's operations. Subsequently, Mr McGlone has formulated and driven meaningful change which is transforming the business and considerably enhancing the outlook for the Fleet division. \n \nMr Kroeger will remain as a consultant to the Group, to facilitate an orderly transition, until such time as the Board completes the process of appointing a permanent replacement for Mr Kroeger. This process has already begun and is expected to be completed shortly. \n \nBoard Leadership Transition \n \nAdditionally, the Group also advises that Mr Jack Boyer, OBE. has relinquished his position as Chairman of Seeing Machines Limited, effective immediately. Mr Boyer will remain on the Board of Seeing Machines Limited as a Non-Executive Director and facilitate the transition to a successor.\n \nMr Boyer has ad...