Australian-based manufacturer and distributor Beyond Sportswear International (BSI) has appointed Mark Kellett as a non-executive director of the board as it prepares for expansion.
Kellett, who is a substantial holder of BSI, has supported the company through numerous capital raisings and will bring a range of corporate and commercial experience to the role. He has been group general manager of Toll Global Forwarding ANZ for the last three years and has also worked as managing director of Gluck Forwarding Systems.
In a statement on the Australian Securities Exchange this morning, BSI said Kellet's previous experience would make him a valuable addition to the company.
“Mr Kellet's prior managerial roles and his strong track record of achieving business results will enable him to bring skills o the board to assist with capitalising on the program of restructuring and business consolidation that has been recently undertaken by the company.”
As reported in the print edition of Ragtrader, March 25, 2011, BSI recently refinanced its existing National Australia Bank (NAB) facilities with Investec Bank, providing the company with $1 million for acquisitions.
BSI chief executive Glen Casey said the company is also currently in the process of screening possible takeover targets for expansion and a joint venture and new products are also on the cards.