Executive Changes

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is a registered Trade Mark of Wellington Drive Technologies WT 9521

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



1 April 2021

Market Announcement
For immediate release
Wellington Drive Technologies Executive Team Change

Wellington Drive Technologies (“Wellington”) has announced changes to its executive team. Senior Vice
President Sales & Business Development Steve Hodgson will be leaving the organisation following twelve
years with the business. He has agreed to assist with the transition to a new CEO so there is flexibility
around his final date.

“Steve has made a strong contribution during his time with Wellington, leading the transition from selling
highly energy efficient motors to launching our market leading IoT offering and proximity marketing platform”
said Wellington’s Chairman, Gottfried Pausch.

“While we are currently managing through the impact of COVID-19, Steve’s leadership and commitment to
delivering an exceptional customer experience means Wellington’s business will be in an excellent position
to continue on its growth trajectory while the markets are starting to recover. Steve will be very much missed
by everyone in the Wellington team as he looks to explore new opportunities outside our organisation. We
wish him all the very best for the future,” said Mr Pausch.

Steve has been responsible for developing all of Wellington’s overseas strategic development and sales &
marketing activities. Under his leadership, the business secured numerous multi-million dollar supply
agreements with several global beverage brands across Europe, Asia/Pacific and the Americas. In 2020,
Wellington signed a multi-year supply agreement with Imbera, one of the largest OEM manufacturer for
refrigeration units, for a customer specific version of our ‘Connect SCS’ technology platform.
Responsibility for Steve’s business portfolios will be shared between other members of the executive team.

Wellington continues to make progress in its CEO search process and further updates may be made in April.


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

WT 9521

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proximity-based marketing solutions for global food and beverage brands as well as Smart City projects in
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