Interim management

®
is a registered Trade Mark of Wellington Drive Technologies WT 9515

Wellington Drive Technologies Ltd
P: +64 9 477 4500 E: info@wdtl.com
21 Arrenway Drive, Rosedale, Auckland 0632
PO Box 302-533 North Harbour, Auckland 0751, New Zealand
www.wdtl.com



5 March 2021

Market Announcement
For immediate release
Wellington Drive Technologies interim management

As previously announced, Greg Allen will be stepping down from his CEO role at the end of March. Greg will
remain on the Board and has also contracted to provide consultancy services to the Company through to 31
December 2021.

The Board has engaged Auckland based international leadership consulting firm Kerridge & Partners to
assist in the recruitment of a new CEO. An announcement to the market will be made once a permanent
appointment has been made.

Chairman Gottfried Pausch will assume a temporary role as Auckland-based Executive Director from 8
March 2021 and as interim CEO from 1 April 2021 until a permanent CEO has been appointed.

Howard Milliner will continue as Group CFO but will assume additional operational responsibilities for the
global Wellington organisation. Gottfried will be working with Howard and the rest of the executive leadership
team, to ensure the business is managing well through this interim period and continues to implement its
growth strategy.

Gottfried Pausch will not be an independent director during his term as Executive Director and interim CEO.
Chairman Gottfried Pausch commented, “I am pleased to be able to assist the Wellington senior
management team as they continue to deliver for customers and launch four new products in 2021. We are
seeing continued increases in customer demand, and are working hard to navigate current supply chain and
logistics constraints to ensure we continue to grow revenues. While we remain cautious given the ongoing
COVID-19 situation, we are encouraged by the increase in customer and business development activity and
I look forward to updating our shareholders further as the first half progresses.”

About Wellington Drive Technologies
Wellington is a leading provider of IoT solutions, cloud-based fleet management platforms, proximity
marketing solutions, energy-efficient electronic motors and connected refrigeration control solutions. It
serves some of the world’s leading food and beverage brands and refrigerator manufacturers and offers
proximity-based marketing solutions for global food and beverage brands as well as Smart City projects in

WT 9515

2
the Australian market. Wellington’s products and services improve sales, decrease costs and reduce energy
consumption. Headquartered in Auckland with a global reach, Wellington is listed on the New Zealand stock
exchange under the ticker symbol NZ:WDT
For further information visit www.wdtl.com


Contact

Gottfried Pausch Howard Milliner
Chairman Chief Financial Officer
Phone +64 21 258 4054 +64 27 587-0455