NEA 0.24% $2.08 nearmap ltd

glassdoor.com.au-nearmap-Reviews, page-91

  1. 13,761 Posts.
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    NO... He is NOT !!


    CEO & Managing Director

    DRONESHIELD
    October 2015 – February 2016 (5 months)Sydney, Australia

    I undertook a thorough review of system capabilities and underlying IP plus a review of funding options and recommended the business try and secure a further private round of funding.
    I further recommended they reduce complexity and costs by investigating utilizing existing audio infrastructure e.g. microphones installed at airports to monitor noise emissions.
    The major US shareholder progressed with an IPO on the ASX mid 2016 and I declined the opportunity to lead the business post IPO.



    CEO & Managing Director nearmap.com (ASX:NEA)

    Nearmap
    September 2010 – October 2015 (5 years 2 months)
    Recruited as CEO to take over from the founder. I inherited under-baked prototype IP and no coherent business strategy. I focused on establishing a strategic vision for nearmap that was realistic given limited cash and resources. I was then asked to take over as MD of the public parent company and restructured the entire business end-to-end. This entailed a clear vision and overcoming many challenges. The overall achievement was the creation of an innovative business with sustainable competitive advantage and high returns for shareholders.

    Achievements:
    - Transformed two loss making businesses with no plan and under-baked prototype IP in Perth into one highly profitable Sydney based DaaS business with unique market positioning & high customer retention
    - Created a highly cash generative business model operating at 90% plus margin
    - Managed all aspects of Investor Relations including meeting revenue run rate guidance established in 2013 from $5m to $28-32m by December 2015
    - Grew market cap of < $10M to >$250m+ within 3 years
    - Share Price from <.10c to >.80c within 3 years
    - Established culture of continuous innovation, resulting in development of next generation camera system and numerous international patents
    - Put the company in a position to be able to organically fund international expansion with zero debt and no dilution to shareholders
    Last edited by birdman29: 23/03/17
 
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