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RNS Number : 1496R Seeing Machines Limited 25 October 2023
Seeing Machines Limited
25 October 2023
Board Changes
Seeing Machines appoints new Non-Executive Director
Yong Kang Ng steps down as Non-Executive Director
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the
advanced computer vision technology company that designs AI-powered operator
monitoring systems to improve transport safety, is pleased to announce that it
has appointed Stephane Vedie as a non-executive director and to the Seeing
Machines board, effective immediately.
Stephane Vedie is a seasoned CEO with a track record of growth and significant
expertise in M&A. He has 25 years experience in the automotive industry,
working for global corporations in Europe and North America, and is currently
the CEO of LUXIT Group based in Michigan USA, a global lighting supplier to
the automotive industry. Prior to LUXIT Group, Mr Vedie was CEO of Magneti
Marelli (now Marelli) and prior to that, CEO for global company Varroc
Lighting Systems (now Plastic Omnium Lighting). He is currently a
non-executive director of CLM Search Ltd in London.
Stephane holds a Master's degree in Purchasing Management (DESS/MBA) from
Grenoble University (1997) and a Master's degree in Business from the Graduate
Business School of Amiens in France (1996). He will become a member of the
Risk, Audit and Finance Committee upon appointment
Additionally, Yong Kang (YK) Ng, non-executive director of the Seeing Machines
board since 2016, and a member of the Risk, Audit & Finance Committee, has
advised his intention not to stand for re-election at the Company's Annual
General Meeting in November this year.
Kate Hill, Chair of Seeing Machines commented: "On behalf of my colleagues,
I'm delighted to welcome Stephane to the Seeing Machines board where his
considerable automotive industry pedigree will be invaluable as we continue to
grow our OEM and Aftermarket businesses globally. Stephane has an excellent
mix of leadership, corporate and industry experience that will bolster our
team and help us navigate the next, exciting phase for the Company, in support
of Paul and his management team.
I'd also like to take this opporutnity to thank YK Ng for his contribution to
the Company over the past seven years, and in particular to call out the
assistance he has provided through his expertise in product manufacturing. He
has been a pleasure to work with and we all wish him well in his future
endeavours."
Enquiries:
Seeing Machines Limited +61 2 6103 4700
Paul McGlone - CEO
Sophie Nicoll - Corporate Communications
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) +44 20 7710 7600
Alex Price
Fred Walsh
Nick Adams
Ben Burnett
+44 20 7664 5095
Dentons Global Advisors (Media Enquiries)
James Styles
Jonathon Brill
Methuselah Tanyanyiwa
seeingmachines@dentonsglobaladvisors.com
(mailto:seeingmachines@dentonsglobaladvisors.com)
In relation to the appointment of Mr Vedie, the Company confirms that there is
no further information to be disclosed under paragraph (g) of Schedule 2 of
the AIM Rules for Companies save as disclosed below:
Full Name: Stephane Hervé Vedie
Age: 49
Current Directorships / Partnerships: LUXIT Group
Varroc TYC
CLM Search
SHV Advisory LLC
Directorships / Partnerships in last 5 years : Varroc Lighting Systems
About Seeing Machines (AIM: SEE), a global company founded in 2000 and
headquartered in Australia, is an industry leader in vision-based monitoring
technology that enable machines to see, understand and assist people. Seeing
Machines is revolutionizing global transport safety. Its technology portfolio
of AI algorithms, embedded processing and optics, power products that need to
deliver reliable real-time understanding of vehicle operators. The technology
spans the critical measurement of where a driver is looking, through to
classification of their cognitive state as it applies to accident risk.
Reliable "driver state" measurement is the end-goal of Driver Monitoring
Systems (DMS) technology. Seeing Machines develops DMS technology to drive
safety for Automotive, Commercial Fleet, Off-road and Aviation. The company
has offices in Australia, USA, Europe and Asia, and supplies technology
solutions and services to industry leaders in each market vertical.
www.seeingmachines.com (http://www.seeingmachines.com)
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