Altium expands board with three non-executive appointments
Insurance veteran Michael Hawker has become a director of US-Australian software company Altium as it bulks up board and accelerates its global growth.
US-Australian software firm Altium has appointed three new non-executive directors as it seeks to transform the global electronics industry.
Sylvia Wiggins and Lauren Williams have been appointed as independent non-executive directors and Michael Hawker as lead independent non-executive director in an expanded board.
Altium chairman Sam Weiss, who has announced his intention to stand down from the role once a suitable replacement has been found, said the trio would enhance the company’s performance.
“We believe that their skills and experience will add greatly to the expertise of the board and to assist the board and our global management team to accelerate both the growth of Altium and its impact on the electronics industry,” he said.
Mr Hawker was CEO and managing director of Insurance Australia Group and currently serves on a number of boards including Washington H. Soul Pattinson, Allianz Australia and Vicinity Centres.
Mr Wiggins was CEO of Global Investments and currently sits on the boards of ASX-listed Aeris Resources and Service Stream, while Ms Williams was CEO of Carsguide/Autotrader and now serves on the board of Macquarie-backed Constructiv Technologies.
Non-executive director Raelene Murphy has announced she will retire and not stand for re-election to the board at the AGM on November 16.
Altium designs software and high-powered tools for PCB (printed circuit board) designers. The company’s shares have soared 31 per cent to $45.97 this year and traded at a record high of $49.41 earlier this month.
Altium reported a 19.2 per cent jump in revenue to $US263.3m ($408m) in August, while profit after tax for continuing operations rose 19.6 per cent to $US66.3m.
It grew its global subscriber base 7.5 per cent to 61,159, up from 56,912 the previous year.
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