SenSen Networks Ltd (ASX:SNS, OTCQB:SNNSF), a leading enterprise AI and data integration company, has appointed Christian Stevens as chief financial officer to replace Jon Cook from September 12.
Stevens, who started his career with KPMG Sydney, where he qualified as a Chartered Accountant, has more than 20 years of experience across various industries, including at Origin Energy, Vodafone (LON:VOD), Misys Plc and Enovis LLC, with global responsibilities across Europe, Asia, Oceania, North and South America as well as Australia.
He has a deep understanding of Software-as-a-Service for B2Bs having previously spent four years as chief financial officer of Tramada Systems, helping the travel industry manage complex data.
Good terms
Cook has been with SenSen since 2019 and is departing the company on very good terms.
He has been instrumental in continuing to build a strong finance function within the company and advising the SenSen board on complex accounting standard changes.
SenSen chief executive officer Subhash Challa said: “I would sincerely like to thank Jon for his professionalism, effort and hard work. He has made a significant contribution to SenSen’s rapid growth and we wish him well for his next endeavour.”
“I am also delighted to welcome Christian to SenSen’s executive team and I have no doubt he will add considerable value to the company as we continue to scale globally.”
Added responsibilities
CEO Challa will also take on the role of chief technology officer, assisted by the SenSen research and development executive team.
This follows the departure of the recently-appointed Dr Roberto Mariani, who leaves the company to relocate to Europe.
US delisting
SenSen will be delisted from the OTCQB Venture Market in the US this month given the stock’s low trading and liquidity since its listing nearly two years ago.
The move will save the company $25,000 a year, in line with its current focus of moving towards cash positivity and profitability.
SenSen remains firm in its objective to ultimately list on the Nasdaq, once the company achieves a more established North American business presence and significantly larger market capitalisation.
New office
SenSen moved into its new premises yesterday, a location nearer to the city of Melbourne and which puts it closer to its customers, while providing enhanced scale and functionality.
The new office, at 2/570 City Road, South Melbourne, VIC, 3205, Australia, is also significantly more cost-effective than the company’s former office, saving about $45,000 a year in lease costs.