Beonic Limited announced that Mr. Michael McConnell has been appointed as independent non-executive director of the Company effective 1 July 2024. Michael is a seasoned global business executive with over thirty years of experience. For 14 years, he was a Managing Director at Shamrock Capital Advisors, a manager of private equity, real estate and hedge funds.

He founded and led the firm?s activist hedge fund. Michael has also served as an interim CEO at four public companies and as a non-executive director at 16 public companies in the United States, Australia, New Zealand and Israel in a variety of industries such as enterprise software, security software, communications, media, ecommerce and manufacturing. Michael currently serves on the Board of OneSpan, Adacel, QuikFee, and Jacob Stern & Sons.