24 Nov

Director Appointment/Resignation

ABN 28 095 466 961 Boom Logistics Limited Suite B Level 1 , 55 Southbank Boulevard Southbank VIC 3006 T +61 3 9207 2500 F +61 3 9207 2400 E info@boomlogistics.com.au Board update Appointment of chair and non - executive directors 2 4 November 202 1 : Boom Logistics Limited ( ASX: BOL ), today announced that current independent non - executive director, Melanie Allibon, will succeed Max Findlay as independent, non - executive chair , effective 27 November, 2021 . Mr Findlay advised his intention to retire and step down from the Board a fter the 2021 annual general m eeting at the time of the company’s full year result . N on - executive director Terence Hebiton will also retire from the Board at the annual general meeting to be held on Friday 26 November, 2021. After the annual general meeting, Damian Banks and James Scott will be appointed as independent non - executive directors , effective Monday, 29 November 2021. Max Findlay, Chair of Boom Logistics said: “ I am d elighted to be passing the baton to Melanie Allibon wh o has already made a substantial contribution to the Board. She has the capability to build on Boom Logistics’ success and her appointment wil l allow for an orderly transition of responsibilities . “I would like to recognize Jack Hebiton who was among the f ounding directors of Boom Logistics and thank him for his loyalty, dedication and commitment over more than twenty years of service. “ I welcome Damian Banks and James Scott , who will expand the Board’s breadth of skills and experience. “After five years as chair I am pleased that the company has returned to profit and is well positioned to continue its positive progress and growth. It feels that the time is right to retire from the Board and I look forward to watching the company’s progress. ” New Chair of Boom Logistics Limited Ms Allibon is c hair of the Boom Logistics Nomination & Remuneration Committee and has an extensive background in human resources and operating risk primarily in the manufacturing, FMCG, mining and industrial services sectors. She is a non - executive director of Acrow Formwork and Construction Services (ASX: ACF) and has held n on - executive d irector positions with the Australian Mines and Metals Associatio n and Melbourne Water Corporation . Ms Allibon is currently a member of World Vision’s Business Advisory Council, Chief Executive Women , the International Women’s Forum and the Australian Institute of Company Directors. She has held senior executive roles with Newcrest Mining, Seven Group Holdings, Am cor, Pacific Brands and Foster’s Group with responsibility spanning Australia, USA, Asia and the UK. New non - executive Directors Mr Banks has extensive experience in the financial services, health and employment sectors. He is a non - executive director o f ASX - listed IMEXS Limited (ASX: IME) and RPM Automotive Group Limited (ASX:RPM) , and during the past three years held listed company directorship in Kon ekt Limited (ASX:KKT) . His most recent executive role was as Managing Director and CEO of Konekt Ltd, a technology focused health and employment company. Mr Banks previously had a 15 - year career, including several leadership positions with Westpac Banking Corporation. Damian has proven experience in the development and profitable expansion of business with a focus on financial management, technology and people, and has a strong track record in customer focused culture development, and considerable M&A experience. Mr Scott is a seasoned professional with over 26 years’ experience in the media , telecommunications and technology sector with industry and advisory businesses at a local and international level. Mr. Scott is currently a non - executive director of Integrated Research Limited (ASX:IRI) , an operational advisor to private equity firm, Li verpool Partners, is Chair man of MerchantWise Group , Chairman of Technology Services business Seisma Pty Ltd a non - executive director of software business Orbx and was previously non - executive Chair of data and analytics business, Skyfii (ASX:SKF). James was previously Managing Director of Accenture Digital, a Partner in KPMG’s Advisory division and was the Chief Operating Officer of Seven Group Holdings (ASX:SVW). Mr. Scott was a founder and director of Imagine Broadband Limited and was a Director of WesT rac and Coates Hire during his time with Seven Group. A uthorised for release by the Board . Further information: Tony Spassopoulos Managing Director & Chief Executive Officer +61 3 9207 2500 Media : Ashley Rambukwella (FCR) +61 2 8264 1000 a.rambukwella@fcr.com.au This announcement contains certain forward - looking statements with respect to the financial condition, results of operations and business of Boom and certain plans and objectives of the management of Boom. Forward - looking statements can generally be identified by the use of words such as 'project', ‘believe’, 'foresee', 'plan’, 'expect', 'aim', 'potential’, ‘goal’, ‘target’, ‘intend', 'anticipate’, 'believe', 'estimate’, 'may', ‘coul d’, 'should', 'will’ or similar expressions. All such forward looking statements involve known and unknown risks, significant uncertainties, assumptions, contingencies and other factors, many of which are outside the control of Boom, which may cause the a ctual results or performance of Boom to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward - looking statements speak only as of the date of this announcement. Factors that c ould cause actual results or performance to differ materially include without limitation the following: risks and uncertainties associated with the Austra lian and global economic environment and capital market conditions, fluctuations in foreign currency e xchange and interest rates, competition, Boom's relationships with, and the financial condition of, its suppliers and custome rs, or legislative changes, or regulatory changes or other changes in the laws which affect Boom's business. The foregoing list of important factors is not exhaustive. There can be no assurance that actual outcomes will not differ materially from these statements. Readers should not place undue reliance on forward looking statements. Except as required by law and ASX Listing Rules, Boom undertakes no obligation to update publicly or otherwise revise any forward looking statement as a result of new information, future events or other fact ors.
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