At this stage of its development VRT does not yet have a formal governance structure with a full separation of board and management functions. Both as a company and as individuals we are nonetheless conscious of our obligations under the general law to act in the interests of the company as a whole (rather than of any shareholder or group of shareholders) and to ensure responsible and informed decision-making as well as high personal standards of ethical behaviour in all matters concerning VRT.
Board & Management
At present the board comprises:
As company founder, and at this early stage in the overall commercialisation process, Steve has been acting as chairman and managing director. He is a qualified plumbing inspector and until September 2013 was employed by Redland City Council in Queensland, where he had responsibility for the plumbing inspectorate, but resigned to work full-time on VRT business. Since then he has been paid by VRT (as an independent contractor) but previously did not receive any remuneration.
He grew up on a farm in England where he first became interested in machinery and engineering issues and studied agriculture before working in Africa and for many years in Canada. He and his family moved to Australia in 1987.
He has for many years acted as a researcher and inventor in his spare time. The research work that eventually led to d-Drive™ goes back to 1985.
Mark is an experienced transport professional with particular expertise in evaluating the economic and environmental performance of alternative fuels and alternative vehicle technologies for road transport, and in development of greenhouse strategy, both in Australia and overseas.
He is currently chief executive of the Australasian Convenience and Petroleum Marketers Association. In his previous career he worked as a senior manager with the NRMA Group of Companies before, in 2005, starting his own business, Rare Consulting, which established itself as a respected specialist consultancy recognised nationally for its advice on transport and environmental solutions. The business was sold to Pitt & Sherry in 2011. He subsequently acted as general manager of of commercial services with the Victorian Automobile Chamber of Commerce before taking up his current position with the Australasian Convenience and Petroleum Marketers Association.
Mark is an accomplished public speaker and workshop facilitator and has addressed a large number of national and international forums. In consultancy roles he has worked with a range of clients including corporate businesses, governments and public sector organisations.
He is a member of ClimateWorks Australia’s expert advisory panel (transport) and is chairman of both Standards Australia committees EL062 (smart grids) and EVO-001 (electric vehicles).
He holds a BCE in transport & environment from the University of Technology, Sydney, and an MBA (business strategy & new ventures) from Charles Sturt University.
Jeremy is a seasoned independent service provider with a career background in the professional services sector. He has a rare mix of skills and experience across corporate advisory, legal, business, board, and company secretarial fields with both listed and unlisted companies.
Through his company Calthorpe Corporate Consulting he provides consultancy services to mainly private business – typically acting in a broad corporate advisory role in helping business owners and managers to develop and realise value in their companies.
Throughout his career he has specialised in company and transactional work (M&A; JVs including IP licensing; private equity; commercialisation; corporate structures; equity incentives) where he has experience in both project management and lead advisory capacities as well as legal adviser.
Much of his experience, both in the UK and after he moved to Australia in 1996, has been developed working with businesses that have a clear growth profile or growth prospects.
In Australia he initially worked in legal practice with McCullough Robertson in Brisbane. Subsequently he moved to PricewaterhouseCoopers where he worked in a lead advisory role in the corporate finance and investment banking practice; in this role he was involved in initiating, structuring and managing a number of transactions (equity investments & company sales) to successful completion. Since 2004 he has worked as a sole practitioner in his own consultancy business.
He holds a diploma in entrepreneurship studies and is a member of the Australian Institute of Company Directors; he also remains a member of the Law Society of England & Wales and the Queensland Law Society. He holds an MA in mediaeval & modern languages from Cambridge University.
Nathan has a background in transport planning. As a project manager and team leader responsible for various aspects of project delivery he has significant experience in the sector ranging from options analysis, through critical path planning and stakeholder consultation and engagement, to project implementation.
Since 2006 he has been employed with Parsons Brinkerhoff, a specialist planning, environment and infrastructure consultancy in Brisbane and currently holds the position of senior traffic planner.
He is a member of the Planning Institute of Australia and the Australian Institute of Traffic Planning and Management and holds a degree in urban and regional planning from Queensland University of Technology.
Currently VRT has around fifty shareholders – almost all of them locally based in Queensland. As founder Steve Durnin is the major shareholder. Both Mark McKenzie and Jeremy Martineau are also shareholders. Nathan Durnin (who is Steve Durnin’s son) does not hold any shares.