- Advanced Braking Technology (ABV) appoints Andrew Booth as permanent CEO, who stepped in as interim after previous CEO John Annand had stepped down in January
- Prior to joining ABT, Mr Booth has lead transformational growth both organic and inorganic, of a number organisations including a logistics company in WA through to successful trade sale exit on behalf of investors
- His remuneration package is fixed at $329,430 per annum, including superannuation and is subject ot annual review
- At market close, ABV shares were trading at 3.1 cents
Advanced Braking Technology (ABV) appoints Andrew Booth as permanent CEO, who stepped in as interim after previous CEO John Annand had stepped down in January.
Advanced Braking Chair Dagmar Parsons said after commencing an external search process, the board was very pleased to have internally promoted Mr Booth to lead the company through its next phase.
“Andrew brings a strong strategic commercial, investment and business development skillset that he has successfully applied to many opportunities throughout his career,” Ms Parsons said.
“This includes responsibility for corporate strategy, leading M&A activity, corporate development, and building successful relationships with a broad range of stakeholder groups.”
Mr Booth comes from a wealth of corporate development and strategic leadership experience across diverse sectors, from advisory and private equity to agriculture in the Asia-Pacific region.
Prior to joining ABT, Mr Booth has lead transformational growth both organic and inorganic, of a number organisations including a logistics company in WA through to successful trade sale exit on behalf of investors.
Formerly based in Hong Kong, he led Asia Pacific business development, supporting inbound investment as well as export across a diverse range of industry sectors in Australia.
His remuneration package is fixed at $329,430 per annum, including superannuation and is subject ot annual review.
He will also be entitled to an additional 5.98 million unlisted options to acquire an additional 5.96 million shares at an exercise price of six cents, expiring on June 30, 2025.
At market close, ABV shares were trading at 3.1 cents.