September 11, 2023

Data#3 New Non-Executive Chairman

BRISBANE, 11 September 2023: Data#3 announces that Chairman, Richard Anderson, has advised that he will not stand for re-election at the 2023 Annual General Meeting (AGM) to be held on 31 October 2023 and will retire from the Data#3 Limited Board of Directors (“the Board”).

The Board has appointed current Non-Executive Director, Mark Gray, as its new Chairman with effect from 31 October 2023 at the conclusion of the AGM.

Mark Gray joined the Data#3 Board in 2017 and chairs the Remuneration and Nomination Committee. He is also the Chairman of Sugar Terminals Limited, Deputy Chairman of Urban Utilities and a Non-Executive Director of the Northern Australia Infrastructure Facility, Queensland Cricket, and the Royal Flying Doctor Service of Australia (Queensland). Previous senior executive roles include Under Treasurer of the Queensland Treasury Department, Chief Executive Officer of the Queensland Competition Authority and the Queensland Independent Commission of Audit, Queensland Office Head at Macquarie Group and Executive Director with BDO.

Data#3’s Managing Director, Laurence Baynham, said: “We are delighted to announce Mark’s appointment as Chairman. He has a deep understanding of large infrastructure projects across the public and private sector and his strong finance, operational and governance experience is highly valued by the Board. With Richard retiring, Mark’s extensive knowledge of the business also provides excellent continuity.”

Richard Anderson commented: “The company has never been in better shape, and it is fitting that I hand over the reins to Mark Gray. It has been a wonderful journey from listing in 1997 as a small Brisbane based IT company as it has developed into the national leader that it is today with over 1,400 employees. While it is with mixed emotions that I step down, I have every confidence in the ability of the Board under Mark’s leadership and the outstanding management team to see Data#3 through this next exciting stage in its, and the industry’s, evolution.”

Commenting on Richard Anderson’s retirement, Mark Gray said: “The Board thanks Richard for his significant contribution and service to both the company and the Board. He is a foundational member of the Board since the company’s ASX listing in 1997 and has served as Chairman since 2000. He has guided the Data#3 business through national expansion and supported significant growth in shareholder value, to its recent inclusion in the ASX200. We wish Richard all the best in his retirement and future endeavours.”

The new Chairman, and his fellow directors, will be reviewing Board composition subsequent to the AGM.