XTEK has announced the appointments of Mark Stevens and Ben Harrison to the XTEK Board of Directors, effective from 23 February 2022.
Stevens has been appointed as a Non-Executive Director and Chairman of the XTEK Group, following the resignation of Uwe Boettcher. Stevens is the founder and Managing Director of Arican, is a 1984 graduate of the RMC Duntroon and served for ten years as an infantry officer.
Since 1995, Stevens has worked primarily as a management consultant and adviser including appointments as the Defence lead for IBM Australia and then across Asia Pacific. Since forming his first advisory business in 1999 he has led over 250 deals into Defence and in 2018 was instrumental in originating the first acquisition by private equity of an Australian defence industry company, Marand Precision Engineering by CHAMP.
Harrison, who has been appointed as a Non-Executive Director of the XTEK Group, has 15 years of experience in advising and investing in companies. He commenced his career as a Project Manager for a large international engineering consulting firm working on a number of infrastructure projects in Australia and South East Asia. Harrison later moved into investment banking, working for a leading corporate advisory house where over a five year period he executed over $2.0 billion in capital market transactions and $5.5 billion of public M&A transactions.
He is a founder and Chief Investment Officer of Altor Capital and is active in the private equity sectors in Australia.
“I am delighted to welcome both Mark and Ben to the XTEK Board in their respective new roles with XTEK. I believe their extensive experience and knowledge in the Defence and financial investment markets will be of immense value to XTEK going forward," Boettcher said.
XTEK is the prime systems integrator for Land 129 Phase 4A, and has also developed the XTclave composite curing technology, with a range of applications.