Dr Sullivans most recent role was as a member of the Siemens Building Technology Executive Board and Global Head of the Siemens HVAC Products Division based in Switzerland. Dr Sullivan had responsibility for 3,500 employees and his division reported net sales of US$700 million in fiscal 2003. His summary CV is attached. Dr Sullivan will be appointed an executive director of the ERG Group, replacing Mr Fogarty who has also resigned from the Board. Mr Fogarty will continue to consult to the Company. Mr Shepherd confirmed there would be no change in the Companys strategy of securing smart card based ticketing projects that deliver appropriate positive returns to shareholders.
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