OliveX Holdings Ltd (NSX:OLX) has strengthened its Board of Directors with two appointments in David Do, a financial matters expert, and Maja McGuire, a lawyer with nearly 15 years of experience.
Currently, Do is managing director at VI Group, a Vietnam focused private equity firm with more than $500 million under management and substantial investments in technology, media, education, healthcare, consumer services and logistics.
McGuire, an Australian lawyer with nearly 15 years of experience in providing corporate and compliance advice to ASX listed companies, is also serving as non-executive chair of TechGen Metals Ltd (ASX:TG1), non-executive director of Kuniko Ltd and non-executive director of LTR Pharma Limited.
Xavier Kris, former executive director, and John Bell, former chief financial officer, have resigned from the board but will remain involved as members of OliveX’s Advisory Board, with Kris assuming the role of chair.
“Next stage of development”
OliveX CEO Keith Rumjahn said: “We’re excited to welcome David and Maja to our fast-growing family of companies, as we accelerate our next stage of development in building a health and fitness metaverse.
“Being able to harness David’s experience of being a key player at Microsoft, as well as his expertise in helping build some of the most famous media and e-commerce brands in the world, shows how big our ambitions are.
“Maja’s deep understanding and experience in capital raisings, corporate governance and commercial contracts with a number of innovative technology companies, not only in Australia but also international companies based in North America, will be invaluable to our success.”
David Do’s background
Do previously worked as general manager at Microsoft where he led strategy, mergers & acquisitions, investments, joint ventures and post-merger integration.
His operating experience includes managing global retail, telecom, media and payments sectors for Microsoft’s services businesses, as well as serving as a member of the board of several companies in China, Australia, Mexico and the Middle East.
He has worked as an independent director of Wotif, the largest listed online travel agency for Australia, New Zealand and SE-Asia.
Do, an MBA from Harvard University who also holds a Bachelor of Commerce from the University of New South Wales, was also a founding team member at EachNet, the leading Chinese e-commerce firm, and has also worked with the Boston Consulting Group (BCG) and JP Morgan.
He said: “I see how OliveX is helping shape the future world of health and fitness for us all, and its potential is incredible
“OliveX motivates its users, turning fitness from a ‘chore’ to an enjoyable, seamless experience across both their real-world and digital lives.
“That, combined with its core skills of digital innovation and creativity makes it a fascinating company to be part of.”
Maja McGuire’s background
McGuire started her career as a corporate lawyer at Clayton Utz, where she gained experience in a broad range of corporate, commercial, and banking and finance matters.
In 2014 McGuire joined the Canadian Bankers Association, where she advocated on behalf of Canadian banks on issues related to developments in domestic and international banking regulation related primarily to capital adequacy and funding.
Between 2014 and 2018, she was company secretary and legal counsel of Admedus Limited (now Anteris Technologies Ltd (ASX:AVR, OTC:AMEUF, FRA:DDF)) and later undertook the role of company secretary and legal counsel at the US-based Alexium International Group Limited.
McGuire, who holds BComm and LLB qualifications from The University of Western Australia, said: “OliveX has big ambitions and I am extremely pleased to be asked by the board to help contribute to the company’s growth strategy and its future success.”
Advisory Board
The company is pleased that Kris and Bell will remain involved as members of its Advisory Board.
Rumjahn said: “Xavier Kris and John Bell have been instrumental in the success of OliveX to date and their contribution to the growth of our business cannot be understated.
“From the implementation of strong corporate governance through to the listing of the business and acquisition of targets on an accretive basis; the foundations that have been laid will serve us exceptionally well into the future.
“Whilst Xavier and John have competing interests on their time; we are delighted that both have agreed to remain involved as members of our Advisory Board, with Xavier assuming the role of chair.
“In this way, we will continue to benefit from their strategic insight and subject matter expertise.”
The company also announced the appointment of Joel Ives and Marshall Lee, both experienced chartered accountants, as joint company secretary following the resignation of Bell.