James Spenceley appointed to NAB BoardSource: RNS
395 Bourke Street
Melbourne VIC 3000
Wednesday, 20 October 2021
James Spenceley appointed to National Australia Bank Limited Board
National Australia Bank Limited (NAB) Chair, Philip Chronican, today announced the appointment of James Spenceley as a non-executive director of NAB, effective 1 December 2021.
Mr Chronican said Mr Spenceley is a successful businessman, entrepreneur and venture capital investor who will bring important experience and different perspectives to the NAB Board.
Mr Spenceley was the founder and former CEO of Vocus Communications, Australia's fourth largest telecommunications company, which was recently purchased by Macquarie Infrastructure and Real Assets (MIRA). Mr Spenceley is currently Chair of two ASX listed companies, Airtasker Limited (ASX: ART) and Swoop Holdings Limited (ASX: SWP), and a non-executive director on the boards of two ASX listed companies, Kogan.com (ASX: KGN) and Think Childcare Limited (ASX: TNK).
"James brings significant diversity of experience to the Board and will be able to quickly make a strong contribution as we consider NAB's strategic direction and the intense and rapidly changing competitive environment in which we operate," Mr Chronican said.
"James has been active in business development, technology, mergers and acquisitions, philanthropy and venture capital investments. His involvement with organisations such as Vocus, Airtasker and Kogan reinforces his interest in market transformation."
Mr Spenceley said: "I've spent all my life building and growing challenger businesses. It is a genuinely exciting opportunity to bring that experience and perspective to an established organisation with all the strength, history and scale of NAB. This is an ideal time to be joining the NAB Board as the organisation has significant opportunities ahead during a period where the financial services industry is in the middle of dramatic global change."
Mr Spenceley founded Vocus Communications in 2007 and has been a venture capital investor and advisor to many Australian household brands. He is one of the youngest Australians to found and lead an ASX100 company and was twice named an Ernst and Young Australian Entrepreneur of the Year winner (Young and Listed categories).
His appointment is subject to regulatory approval.
For further information:
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The release of this announcement was authorised by the Group Company Secretary.