AI leader Mark Brayan joins SenSen Networks as new chairman
SenSen Networks, a Melbourne-based provider of Live Awareness AI solutions, has appointed Mark Brayan as its new Non-Executive Chairman and Director. Brayan will commence his role on 1 May 2024, succeeding the company's founder, Dr Subhash Challa, who will continue as Managing Director and CEO.
Brayan brings extensive experience in the AI technology sector, having held several leadership positions in both public and private companies. His most notable tenure was as the CEO and Managing Director of Appen Limited from 2015 to 2023. During this period, he transformed Appen into the world's premier supplier of AI data and services through significant organic growth, strategic acquisitions, product development, and new market entries.
Brayan's educational background includes an MBA from the Australian Graduate School of Management and a First-Class Honours Bachelor of Surveying Degree from the University of New South Wales. He is currently a Non-Executive Director at Integrated Research, an Australian firm known for providing global performance management solutions.
In accordance with SenSen's constitution and the ASX Listing Rules, Brayan will hold his Director position until the next annual general meeting, where he will need to seek election. His remuneration package includes AUD $90,000 per annum, excluding superannuation. Additionally, he is proposed to receive unlisted options equivalent to AUD $180,000 in three tranches over three years, subject to shareholder approval. The tranches include 1,500,000 options at AUD $0.04 per option, 800,000 options at AUD $0.075 per option, and 600,000 options at AUD $0.10 per option.
SenSen's Managing Director and CEO, Dr Subhash Challa, expressed his enthusiasm about Brayan's appointment. "We are delighted to welcome someone of the calibre of Mark Brayan as Chairman of the Company as SenSen continues to drive towards profitability and grow the Company's global footprint. Mark's experience leading revenue expansion at Appen will be invaluable for SenSen as we look to more rapidly increase revenues. I look forward to working closely with Mark in this next exciting, strategic phase of the Company's evolution," Challa remarked.
Brayan also shared his excitement about joining SenSen. "I am excited to be joining SenSen. Their innovative AI platform delivers genuine value to their customers and is extensible to a large range of Smart City solutions. I'm looking forward to working with my fellow directors, Subhash and his team to realise SenSen's full potential," he stated.
SenSen has been pioneering smart urban management solutions through its Live Awareness AI Platform, which integrates data from cameras and sensors with enterprise data to enhance urban life. The company's technology is deployed in prominent cities such as Chicago, Las Vegas, Vancouver, Calgary, Singapore, Adelaide, and Brisbane, and has also generated substantial savings annually for major fuel retailers like AMPOL, Chevron, Liberty, and Woolworths.
