Innovyz Appoints New CEO

Innovyz – Australia’s leading research commercialisation company – is pleased to announce the appointment of Mr Derrick Lobban as Chief Executive Officer. Derrick has extensive experience in the finance industry having previously worked at Wilson Asset Management, and in Executive roles at Commonwealth Bank and Ord Minnett among others.

“We’re pleased to appoint Derrick to the position of CEO as part of the expansion of Innovyz.” said Innovyz Chairman, Mr Brett Jackson. “Innovyz is expanding, and we are now operating in Australia, New Zealand the United States. As we grow, we need more structure and Derrick brings with him significant experience that will ensure that the right processes are implemented at the right time.”

Derrick Lobban

Mr Lobban outlined his plans to solidify and grow the company: “It’s a wonderful time to join this company,” he said. “Innovyz has a remarkable track record. It has worked with over 80 innovation projects, and three companies Innovyz has worked with – Titomic, K-Tig and Amaero, have listed on the ASX. Innovyz companies have raised over $140m between them and are now collectively worth more than $500m. Not many commercialisation entities can claim those results.”

“I plan to build on these foundations to facilitate the rapid growth of Innovyz. We are currently in the fund-raising process for a Venture Capital Fund, our operations in the US are ramping up, we have established a Growth & Exits division and our second Advanced Materials & Manufacturing program is well underway. All of these activities will require execution and I look forward to providing the leadership required to ensure that happens as quickly as possible.”

Tom Kenyon, previously Innovyz General Manager, has been appointed to the role of General Manager, Innovyz Capital Management and is responsible for raising and managing the Venture Capital fund, Innovyz Venture Fund 1.

Tom Kenyon

Executive Director, Stuart Douglas has been appointed to the role of General Manager, Growth & Exits. Growth & Exits is responsible for growing Innovyz’s portfolio companies and ensuring they have the resources and investment they need to facilitate growth or an exit at the appropriate time.

Stuart Douglas

Executive Chairman, Brett Jackson is the project lead for the expansion of Innovyz into the USA. Brett also manages Innovyz’s corporate obligations and board interests.

Brett Jackson, Tom Kenyon, Derrick Lobbart, and Stuart Douglass.

For further information contact Brett Jackson, Executive Chairman, 0448 053 024