14 December 2017
Australian Securities Exchange (ASX) Announcement
Sensera Limited (ASX: SE1, “Sensera” or “the Company”), a leading designer and manufacturer of end-to-end sensor solutions and services for the rapidly-growing Internet of Things (IoT) market, is pleased to advise that the Board of Directors has appointed Ralph Schmitt as Managing Director, effective immediately.
Mr Schmitt has been Chief Executive Officer of Sensera since joining the Company in November 2017. The terms and conditions of Mr Schmitt’s appointment remain otherwise unchanged.
Sensera Chairman, Matt Morgan, said:
“Ralph has led Sensera in outstanding fashion since his appointment as CEO. His appointment as an Executive Director recognises the value of Ralph’s strategic input at a time when Sensera anticipates a material scaling up of its operations.”
As disclosed to the ASX on 3 November 2017, this appointment coincides with Matt Morgan’s role transitioning to that of Non-Executive Chairman from 1 December 2017.
The Company is also pleased to announce the appointment of Mr David Garrison to the position of Sensera Chief Financial Officer, with effect from Monday 18 December 2017.
Mr Garrison joins Sensera with a 19-year record of accomplishment as a Chief Financial Officer of public and private companies in the technology, medical device, defence and consumer product sectors.
Most recently, Mr Garrison was CFO at Tecogen Inc (NASDAQ: TGEN), a developer of on-site clean energy systems, since 2014. He brings executive experience in mergers and acquisitions, public company investor relations and managing long-term contracts with revenues linked to operational success.
The Board would like to congratulate Mr Garrison on his appointment and welcomes his contribution to the strategic and operational direction of the Company.