21 March 2013 (Sydney): NetComm Wireless Limited (ASX: NTC)today announced that Mr John Brennan has stepped down as non-executive director. Mr Brennan joined the Board as non-executive director in September 2000, served as Chairman of the Audit and Risk Committee from 2003 to 2013 and was also Chairman of the Board from 2011 to 2012. During his time NetComm Wireless made a number of successful acquisitions which helped establish a firm foundation for the future growth of the Company. Mr Brennan’s resignation represents the final phase of the board renewal process and we thank Mr Brennan for his valuable service to the Company.
The Board is pleased to announce the appointment of Mr Stuart Black AM to the Board as a non-executive director and Chairman of the Company’s Audit and Risk Committee. Mr Black has had a distinguished career as a Chartered Accountant with extensive experience in professional services, agribusiness, financial services, manufacturing, import, distribution, IT and biotechnology. Mr Black sits on a number of Boards as non-executive director, including Australian Agricultural Company Limited, Coffey International Limited, Accounting Professional & Ethical Standards Board Limited and Country Education Foundation of Australia Limited. He is also Chairman of Lowenhaupt Global Advisors and the Chartered Accountants Benevolent Fund Limited.
NetComm’s Chairman Mr Justin Milne said, “Stuart brings a wealth of experience and will be a valuable addition to the Board. On behalf of my fellow directors I welcome Stuart to the Board and I wish to express my sincere thanks to John Brennan for his tremendous contribution to the Company throughout his 13 years of service.”
Enquiries to: Ken Sheridan, NetComm Wireless CFO and Executive Director
Phone: +61 409 157 588 or email: [email protected]
About NetComm Wireless
NetComm Wireless Limited (ASX: NTC) is a leading developer of innovative broadband products sold globally to major telecommunications carriers, core network providers and system integrators. For 30 years NetComm has developed a portfolio of world first data communication products, and is arespected global providerof 3G and 4G wireless devices servicing the major telecommunications carrier, Machine-to-Machine (M2M) and Rural Broadband markets. NetComm’s products are designed to meet the growing needs of today’s data-intensive home, business and industrial broadband applications and customized to optimize performance in line with global network advancements. Headquartered in Sydney, Australia, NetComm has offices in New Zealand, North America and the Middle East. For more information about NetComm visit: www.netcommwireless.com