BSA Limited has announced immediate changes to its board, including the appointment of Daniel Raihani as Chair and the addition of Piers Lewis as a Non-Executive Director, signaling a fresh chapter in governance.
- Resignation of directors Paul Heick and Warwick Sauer
- Nick Yates steps down as Chair, succeeded by Daniel Raihani
- Appointment of Piers Lewis as Non-Executive Director
- Robert Featherby replaces Nanda Herling as Company Secretary
- Raihani holds a significant 17.93% shareholding in BSA
Board Reshuffle at BSA Limited
BSA Limited (ASX – BSA), a key player in Australia's telecommunications and smart energy sectors, has announced a series of significant changes to its board composition effective immediately. The company confirmed the resignations of directors Paul Heick and Warwick Sauer, marking the end of their tenure with the firm. The board expressed gratitude for their contributions and wished them success in their future endeavours.
Leadership Transition
In a notable leadership shift, Nick Yates has stepped down as Chair of the Board but will remain involved temporarily to ensure a smooth transition. His departure paves the way for Daniel Raihani, who joined the board in September 2025, to take over as Chair. Raihani brings a wealth of experience in finance, operations, and corporate governance, alongside a substantial personal investment in the company, holding nearly 18% of BSA’s issued capital. This significant shareholding underscores his vested interest in the company’s future direction and stability.
New Board Member and Company Secretary
Adding to the board’s expertise, BSA has appointed Piers Lewis as a Non-Executive Director. Lewis boasts over 25 years of corporate advisory experience spanning Australia, Asia, and Europe, with a background that includes senior roles at major financial institutions such as Credit Suisse and NAB Capital. His current roles with various ASX-listed companies suggest a strong grasp of governance and strategic oversight.
Alongside these board changes, Robert Featherby has been named the new Company Secretary, succeeding Nanda Herling. Featherby’s appointment is expected to bring continuity and experienced stewardship to the company’s corporate governance functions.
Looking Ahead
Daniel Raihani, the incoming Chair and director of 7 Enterprises Pty Ltd, expressed enthusiasm about his new role, highlighting his commitment to effective governance and long-term shareholder value creation. As BSA navigates this leadership transition, investors and stakeholders will be watching closely to see how these changes influence the company’s strategic priorities and operational momentum.
Bottom Line?
BSA’s board overhaul sets the stage for renewed strategic focus, but the market will be keen to see tangible outcomes under new leadership.
Questions in the middle?
- What strategic initiatives will the new Chair prioritize to drive growth?
- How will the departure of two directors impact board dynamics and decision-making?
- What role will Piers Lewis play in shaping BSA’s future governance and strategy?