Control Bionics Ltd appoints Jeremy Steele as Chief Executive Officer

SYDNEY, AUSTRALIA: Control Bionics Ltd (ASX: CBL) announced the appointment of Jeremy Steele as Chief Executive Officer and a member of the board, effective from 19 January 2023.

Jeremy Steele brings over 25 years of global corporate experience across a wide range of industries including healthcare, software, financial services and retail in senior roles, including most recently as Executive Chairman and subsequently CEO of CardioScan.

Mr Steele will initially be based in his current location of Singapore, in the midst of key Australasian markets and may transition to the CBL office in Melbourne over time.

Control Bionics Chairman, Roger Hawke, stated that the Board of CBL was excited by Jeremy’s appointment and was looking forward to working with him and the CBL executive team to drive the CBL strategy in 2023 and beyond.

“Control Bionics is at an exciting inflection point with improved growth in our core markets and a number of new product innovations under development, and we are delighted to have Jeremy join our team to drive the continued success of our business. We are confident that his business acumen, experience and enthusiasm will drive new value creation opportunities for the business, our shareholders and our people.” said Mr Hawke.

Jeremy Steele commented on his appointment: “CBL has the all the ingredients for success including the unique NeuroNode technology, great people and a pipeline of new opportunities and I am excited about leading the company to a successful future, delivering value to our shareholders, and a great place to work for our people.”

Upon the appointment of Mr Steele, Rob Wong will resign as a director. The Board would like to acknowledge the contribution of Mr Wong who led the company since January 2017, until his recent resignation due to an ongoing medical condition.

The Board also wishes to acknowledge founder and interim CEO, Peter Ford for his leadership of the company in the period up to the appointment of Mr Steele.

Control Bionics is a technology company which enables a disabled person to use their own neuroelectric signals, from their brain to a muscle, to control communication and movement through smartphones, tablets, computers and robotics, even when that muscle is not fully functional.