Aerometrex Taps Robert Veitch as Acting CEO to Accelerate Growth

Leadership Transition at Aerometrex

Aerometrex Limited (ASX: AMX), a leader in aerial mapping and 3D technology services, has announced a significant leadership change with the appointment of Robert Veitch as Acting Chief Executive Officer. This move comes immediately following the resignation of Steve Masters, who stepped down to pursue other opportunities and has relinquished his director role with immediate effect.

Veitch, who joined Aerometrex in September 2024 as General Manager of MetroMap, brings over 30 years of leadership experience in digital innovation and technology. His background includes founding and leading Delineate, a company that collaborated with major players such as Google and Tesla, and expertise spanning 3D modeling, generative AI, immersive applications, and autonomous vehicle technologies.

Strategic Implications of the Appointment

The appointment of Veitch signals Aerometrex’s intent to leverage his deep technical knowledge and leadership skills to accelerate the company’s revenue growth and profitability. The Board, led by Non-Executive Chairman Mark Lindh, expressed confidence in Veitch’s ability to prosecute the company’s strategy, particularly in expanding its MetroMap aerial imagery subscription service and global 3D offerings.

Veitch’s experience with LiDAR, machine vision, and mapping technologies aligns closely with Aerometrex’s core competencies and growth ambitions. His leadership is expected to drive innovation and operational execution, positioning the company to capitalize on emerging opportunities in digital mapping and spatial data services.

Governance and Incentive Structure

In terms of remuneration, Veitch’s fixed annual salary as Acting CEO is set at $290,000, with eligibility for short-term incentives (STI) up to 20% of fixed remuneration and long-term incentives (LTI) up to 30%, contingent on meeting corporate and individual performance targets. The LTI is linked to share price performance over a three-year period, underscoring the Board’s focus on aligning executive rewards with shareholder value creation.

Meanwhile, departing CEO Steve Masters has agreed to forgo his FY22 performance rights and a portion of his FY24 short-term incentive award, reflecting a clean break and a governance-conscious transition.

Looking Ahead

Veitch’s appointment comes at a pivotal time for Aerometrex as it seeks to expand its footprint in the competitive aerial mapping and 3D technology sector. His proven track record in digital strategy and innovation could be instrumental in navigating the evolving market landscape, particularly as demand grows for advanced spatial data solutions.

Investors and industry watchers will be keen to observe how Veitch’s leadership influences Aerometrex’s operational momentum and financial performance in the coming quarters.