Aerometrex appoints Steven Masters as Managing Director and CEO
SYDNEY, AUSTRALIA: Aerometrex Limited (ASX: AMX) announced Steven Masters has been appointed Managing Director and Chief Executive Officer.
Steven Masters is currently Chief Executive of ElectraNet, one of South Australia’s largest companies, and intends to commence his duties with Aerometrex in early 2022 following completion of his current employment.
Mark Lindh, Aerometrex Chairman, said: “Following an extensive global search, the B oard of Aerometrex is delighted to have secured Steve to lead the Company through its next growth phase. He has over 25 years of significant and wide-ranging experience in the infrastructure, energy and resources industries.
“Steve has been involved in the origination and execution of significant business growth initiatives during his career.
At ElectraNet, he is widely recognised for his achievements in re- shaping its corporate strategy, and for developing and capturing a strong project pipeline of new material growth opportunities in excess of $1.25 billion that have met customers’ needs and created significant shareholder value.
He has successfully led a high-profile business with an asset base in excess of $3.5 billion, overseen the development and implementation of industry first innovations , and maintains excellent relationships across a diverse range of stakeholder groups, from customers through to regulators.
“Steve will also bring impressive people leadership skills and a strong strategic , commercial and business development skillset. This includes corporate strategy, M&A activity, corporate development both domestically and globally, and building successful relationships with stakeholder groups.
Steve’s skillsets and relationships will be highly complementary to the outstanding technical capability that exists within Aerometrex.”
Steven Masters has extensive senior executive experience at major Australian companies in the energy and infrastructure sectors. This includes being Chief Commercial Officer and Executive Vice President of Growth at Beach Energy from 2010 to 2014, prior to his appointment as Chief Executive of ElectraNet in 2014.
At Beach Energy, Mr. Masters led over $1 billion of material asset acquisition and divestment activities, two successful on-market takeovers of ASX-listed entities (totalling around $170 million) and negotiated various significant value enhancing commercial agreements with domestic and international companies, and governments.
Since listing on ASX two years ago, Aerometrex has made very good progress in building multiple revenue streams across its core business. Mr. Masters will continue to focus on extending the Company’s technical leadership, demonstrated by its world -leading 3D modelling products, while expanding the commercial applications and global customer base.
Steven Masters said: “I am very proud to have led ElectraNet for seven years, with the company successfully navigating many challenges and delivering excellent outcomes for customers and shareholders alike. I am thrilled by the opportunity to lead Aerometrex, and look forward to working with a world-class team, developing the future strategy and building the business”.
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