The Board of Mobecom announced the appointment of Mr. Frederick Kempson as a new Independent Non-Executive Director with the Company. This comes the same day as Mr. Todd Ruppert's resignation as Director. Mr. Kempson has a B.Com (Economics) from UNSW and has over his career held senior banking and financing positions including the role of Managing Director of Australian Investment Finance Limited,a consortium investment bank whose shareholders included ANZ, Bank of Montreal, Irving Trust and Mitsubishi. Subsequently Mr. Kempson became the CEO of Security Pacific Limited where he oversaw the acquisition of Kleinwort Benson Australia, and notably Security Pacific's acquisition of the London broker Hoare Govett where he was involved as a committee member for the coordination of the stockbroking investments and the completion of the first Australian dollar denominated bank Euro bond raising.