Motopia Appoints Former Nokia Exec Michael Mulvey as Interim CEO...

Motopia Appoints Former Nokia Exec Michael Mulvey as Interim CEO Melbourne, 17 May 2017.

The Board of Motopia Limited, (ASX: MOT or the Company) announced today the appointment of Mr Michael Mulvey as the interim Chief Executive Officer of the Company, with immediate effect. Mr Mulvey has had an extremely impressive career in the technology sector with significant senior leadership experience. Mr Mulvey has a strong track record of achieving value creating growth through innovation and disciplined strategies.

Bringing a wealth of Senior Executive experience in key management positions across a wide range of companies, Mr Mulvey joins Motopia with a strong sales, management development and growth ethos bringing more than 30 years of technology industry leadership across New Zealand, Australia and Asia. Mr Mulvey has enjoyed successful careers at Nokia and Tait Communications in senior positions across most aspects of Executive Management. He has extensive industry knowledge across many technology fields and industry verticals.

Mr Mulvey is excited to have been appointed as interim CEO and is motivated by the prospects ahead for Motopia as it is poised to launch critical modernisation technology into the SMB and Enterprise, Cloud based SaaS space.

According to Mr Mulvey “this market has high potential for strong growth in the foreseeable future and is currently largely un-addressed. I look forward to working with the Board and establishing the team to build a quality business which will generate strong returns for Motopia’s shareholders”. Mr Mulvey will begin immediately to establish the structure, culture and the team to start addressing this demand and will be supported by Mr Adrian Floate.

Mr Mulvey joined Nokia in 1992 and quickly rose through the ranks to Managing Director for Nokia New Zealand after which he was promoted to the role of Managing Director, Nokia Hong Kong Limited. During this time Mulvey drove strong and rapid growth across all aspects of the addressable market.

After a period of time successfully establishing and growing personal business interests in the development of a global wine production and export business, Mr Mulvey re-entered the Technology world in 2012 and joined Tait Communications as Regional Sales Manager, Asia Pacific. Mr Mulvey was instrumental in modernising business successfully changing the way that Tait approached the market by opening up Channel sales and restructuring the approach to Direct Sales. He held this role until late 2016.

Additionally, the Board is pleased to announce it has appointed Sanlam Private Wealth as its financial adviser as the company moves to complete the merger with Cirralto Business Services. In the coming weeks the Company will dispatch its meeting documentation to shareholders and announce the date of the General Meeting to approve the Transaction.

The Company’s Chairman Mr Marcus L’Estrange said “Motopia is fortunate to have secured the services of someone as highly credentialed as Mr Mulvey. Our focus on building a business centred around data migration and business modernisation technologies has been validated by the strong pipeline opportunities generated by Mr Adrian Floate, and with Mike onboard we will look to establish a strong market position and be a leader in this space. Under Mike’s guidance we expect the Company is very well positioned to benefit his experience and leadership and we thank shareholders for their continued support.”