- Geospatial tech company Aerometrex (AMX) says recently appointed Steven Masters will officially enter the role of CEO and Managing Director on February 22
- Mr Masters’ appointment was announced in December but he must first fulfil current obligations in his long-term role as Chief Executive of ElectraNet
- Company Chair Mark Lindh says Mr Masters’ skills and network are “highly complementary” to Aerometrex’s technical capability
- Until Mr Masters officially steps into the role, David Byrne will continue as Acting CEO
- Company shares have been trading up 1.45 per cent at 70 cents each
Geospatial technology company Aerometrex (AMX) has announced Steven Masters will officially commence his role as CEO and Managing Director on February 22, 2022.
The incoming MD reportedly needs to complete his current employment obligations as Chief Executive of ElectraNet before he can start his new role with Aerometrex.
ElectraNet is an Adelaide-based electricity transmission specialist which operates over 5.5 kilometres of high-voltage electricity transmission lines in South Australia.
The appointment was first announced in December last year and Aerometrex Chair Mark Lindh said Mr Masters would bring impressive leadership skills to the company.
“Steve’s skill sets and relationships will be highly complementary to the outstanding technical capability that exists within Aerometrex,” Mr Lindh said at the time.
“He has successfully led a high-profile business with an asset base in excess of $3.5 billion, overseen the development and implementation of industry first innovations, and maintains excellent relationships across a diverse range of stakeholder groups, from customers through to regulators.”
Prior to working at ElectraNet, Mr Masters worked for oil and gas company Beach Energy from 2010 until 2014 and held the roles of Chief Commercial Officer and Executive Vice President of Growth.
During the transition period, Mr David Byrne has been acting as CEO for Aerometrex and will continue in the position until Mr Masters starts.
Company shares were up 1.45 per cent to trade at 70 cents at 2:29 pm AEDT.