Seeing Machines Announces New CEO
May 10 2017 - 8:23AM
Business Wire
Current CEO becomes Chairman
Seeing Machines Ltd (AIM:SEE), an industry leader in computer
vision based human sensing technologies which enable breakthrough
solutions in safety, performance and user experiences, is pleased
to announce the appointment of Mike McAuliffe as Chief Executive
Officer of Seeing Machines Limited and member of the Board of
Directors, effective immediately.
This appointment recognises the need for a different skill set
to drive rapid global expansion as it capitalizes on major market
opportunities for its technology platform with industry leading
global customers. Mike will focus on leveraging the Company’s
leadership in computer vision, machine learning and vision
processors to scale the business in the automotive, fleet and
transport markets and extend into innovative new applications and
markets.
Mike was appointed CEO of Seeing Machines’ Automotive business
(Fovio) in September 2016. In this role, Mike has been instrumental
in developing Seeing Machines’ strategy and capital structure
plans. He has helped build up Seeing Machines’ global organisation
and establish early leadership in the rapidly growing market for
Automotive Driver Monitoring Systems (DMS) for ADAS and Autonomous
Driving technology.
Based in Silicon valley, California, Mike brings over two
decades of senior management experience in successfully building an
array of global private and public high technology businesses in
the semiconductor, embedded software and electronics industry,
ranging from start-ups through extensive M&A to global
corporations in multiple market verticals. Prior to joining Seeing
Machines, he was CEO of Powervation Inc, a Digital Power Processor
semiconductor company which he helped build from start-up to a
market leader in Software-defined-Power and which was acquired by
Rohm Semiconductor in 2015, where he spent a year leading their
global digital power business expansion.
Mike earned a B.Eng (electronics) from UCC (Ireland), MBA from
Henley Management College (UK) and is a graduate of Harvard
Business School (AMP), USA.
Ken Kroeger, outgoing CEO, will be appointed to the position of
Executive Chairman with immediate effect. Ken has led Seeing
Machines as CEO since 2011. Under his leadership the Company has
been strategically transformed into a recognised industry leader in
computer vision, eye-tracking and intervention safety products and
services with leading customers such as Caterpillar and is now
poised for growth in automotive and commercial fleet markets. Terry
Winters, existing Chairman, is stepping down from the Board
effective today. Jim Walker, an existing non-executive director is
to become non-executive Deputy Chairman, also effective today.
Mike McAuliffe commented: “I am honored and excited to be
appointed CEO of Seeing Machines. My short time to date in the
Company working with our passionate and talented team and our
industry leading customers has given me deep conviction in our
technical leadership, the market opportunities for us and our
ability to build a large global business around that. The fact our
technology helps address drowsiness and distraction to make
driving, trucking and transport safer underpins our business with
extra purpose. I would like to thank Terry for his major
contribution as Chairman and Ken for his inspired leadership to
date. It is going to be an exciting journey”.
Ken Kroeger commented: “I am thrilled to be appointed
Executive Chairman of Seeing Machines. I am really proud of what we
have achieved since I joined in 2011 to build and transform the
company to our strong position today. I would also like to
recognise the invaluable role played by my predecessor, Terry
Winters who has guided the Board and Leadership team as we have
evolved our strategy, matured organisationally, developed a very
focussed high-performance team and transformed the Board of
Directors. I have worked closely with Mike in the last six months
and he has all the right expertise and experience to help lead the
company to the next level. I look forward to working with him on
this next phase of our growth strategy and developing new markets
for our technology.”
Outgoing Chairman Terry Winters commented: “As Chairman,
it has been a privilege to lead the Board of Seeing Machines over
the past five years and to help navigate the company through its
transformation. I am very proud of what has been achieved as the
Company has fine-tuned its strategy and matured into an
organisation that is very focussed on remaining a leader in its
chosen markets and growing long term shareholder value. The Board
and I believe that with Mike leading the Company as CEO under the
Chairmanship of Ken, we have the right team with the right skills,
experience and track record to lead Seeing Machines and deliver its
next phase of growth across all lines of business, delivering
significant growth in shareholder value.”
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Seeing MachinesMike McAuliffe,
CEOMike.McAuliffe@seeingmachines.comorMedia
inquiriesSophie.Nicoll@seeingmachines.com
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