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RPM Automotive Group’s new appointment has strong track record in acquisition growth

The appointment of Damian Banks provides RPM with extensive experience in the financial services, health and employment sectors and he will be pivotal in the company’s growth plans.

RPM Automotive Group's new appointment has strong track record in acquisition growth

RPM Automotive Group Ltd (ASX:RPM) has appointed Damian Banks as an independent non-executive director.

This move comes just a day after RPM acquired Far North Queensland (FNQ) business Direct Wholesale Tyres (DWT), to add scale to its growing footprint in the region.

The appointment of Banks provides RPM with extensive experience in the financial services, health and employment sectors and he will be pivotal in the company’s growth plans.

“We are delighted to welcome Damian to RPM Automotive’s Board of Directors," RPM chairman Grant Carman said.

"His extensive leadership experience will help broaden the board’s expertise, while his strong track record in growing a listed business is complementary to RPM’s organic and acquisition-driven growth strategy.”

A history of success

Banks was recently managing director and CEO of Konekt Ltd, a technology focused health and employment company.

He led Konekt through its ASX listing in 2012, to its successful sale to private equity in December 2019.

Prior to Konekt, Banks held several leadership positions in a 15-year career, most notably with Westpac Banking Corporation.

He has proven experience in the development and profitable expansion of businesses with a focus on financial management, technology.

Banks has a strong track record in customer focused culture development, and considerable M&A experience, which bodes well for a company with a fresh acquisition under its belt.

The role is effective immediately.

Quick facts: RPM Automotive Group Ltd

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