Well known technology man, Terry Stinson, has joined the board of ASX-listed Aurora Labs to support the company’s commercialisation strategy. Aurora considers his appointment key to delivering its 3D metal printing technology to market as it pulls out of the research and development phase. Mr Stinson will no doubt help the company to focus on large-scale commercial applications for its 3D printing technology.
Stinson has spent two or three decades in executive leadership positions with innovation companies including those listed on the ASX. He was previously the CEO and Managing Director of Orbital Corporation Limited.
At Orbital, Mr Stinson secured a breakthrough deal to supply Orbital’s technology to the UAV division of Boeing, in addition to leading the Perth-based R&D and manufacturing group through a process of transformation and diversification, achieving sustained share price growth, Aurora said.
Prior to Orbital, Mr Stinson did a successful stint as a Vice President and General Manager at Siemens AG, with responsibility for overseeing an international business across multiple sites along with delivering sales in excess of $300 million per annum, according to Aurora Labs.
Aurora Labs’ Chairman, Paul Kristensen said: “At Aurora, we are currently very focused on what we need to do as an organisation to successfully commercialise our 3D metal printing technology, particularly in large-scale commercial applications. We’ve identified that the Company needs to have in place the necessary skill sets and experience to support this significant step change in our growth as a Company.”
“With the addition of Terry to the Board, and his undeniable success in the commercialisation of emerging technology, expertise in negotiating multiyear transformational deals with large global scale organisations, as well as his experience in dealing with the hard challenges that sometimes arise, we’ve started to add to the Board skill set in this area. I look forward to Terry’s contributions as we move forward in commercialisation and continue to set up Aurora as an organisation that can succeed in our commercialisation goals.”
In order to assist the Aurora Board’s efforts to realign and refresh the board’s skill set, Mr Mathew Whyte has agreed to step down from the Board. Mr Whyte will also conclude his role as Company Secretary effective 31 March 2020. Aurora said it will conduct a search for a suitable replacement during this period and will inform shareholders once the process is complete.
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