Vection Technologies Limited announced that Mr. Damian Banks is to be appointed to the Board as non- executive Director and Chairman on 10 November 2023, succeeding Mr. Bert Mondello who will transition to a non-executive Director role. Mr. Banks is an experienced business leader with a proven track record in developing and expanding successful healthcare, employment, and banking businesses. He focuses on financial management, technology, and people and has a strong history of developing customer-focused cultures. Mr. Banks has also completed several M&A transactions. Mr. Banks is a Non-executive Director of Boom Logistics Limited and IMEXHS Limited and an advisor and board member of public and private companies.
Mr. Banks has significant experience in business Leadership as the Managing Director and CEO of Konekt Ltd. until its successful sale in December 2019. Before this, Mr. Banks held several leadership roles with Westpac Banking Corporation. Mr. Banks has significant experience leading businesses with strong organic growth, and with M&A transactions and integrations ­ both important features of Vection Technologies' future.