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Lumicare Non-Executive Director Recruitment x 2

Board Direction, on behalf of Lumicare - An Australian Medical Technology Business making light work of high-level disinfection - seek to appoint two Non-Executive Directors with either senior US medical device commercialisation OR senior corporate finance experience.

Lumicare offers the opportunity to join an established and fast-growing Australian medtech company at a pivotal stage of its development. The business has proven products, strong commercial traction across multiple markets and a significant growth opportunity, particularly in the United States. You will have the opportunity to help shape Lumicare’s international expansion, capital strategy and governance, while working closely with an experienced leadership team. Joining Lumicare gives you a chance to attach your name to a genuine Australian success story.

ABOUT LUMICARE

Lumicare is an Australian medical technology operating in the rapidly growing Medical Device disinfection market. The company has developed a product in the market segment that focuses on the High-Level Disinfection of medical ultrasound transducers. The business began with the development and commercialisation of the Lumicare ONE system and has since expanded across the Australian and New Zealand healthcare markets, the United Kingdom, and selected European countries, supported by manufacturing operations in mainland China.

Lumicare is now focused on expanding its installed base, growing recurring revenue, entering additional international markets, particularly the United States, and strengthening its governance and leadership capabilities to support its next phase of growth.

For more information, please visit: https://lumicare.one/product 

ROLE DESCRIPTION

We seek to appoint two new Non-Executive Directors (NEDs).

The first NED will provide strategic guidance on Lumicare’s US market entry and commercialisation. We want someone with senior US medical device experience who can advise on market access, distribution, GPOs, IDNs, pricing and commercial strategy, with specific US nuance for sales and marketing in mind. Success will be measured by the development of a practical US market-entry plan, access to relevant industry networks and partners, and measurable progress toward US commercialisation and revenue growth.

The second NED will provide strategic guidance on capital management, fundraising and potential exit pathways. Lumicare want someone with senior corporate finance, investment banking, M&A, pre-IPO and IPO experience who can work closely with the CEO and CFO and provide access to relevant investor and adviser networks. Success will be measured by a clear capital management and exit strategy, stronger investor engagement, and the successful execution of future capital-raising or strategic transactions.

Lumicare also expect to establish two permanent board committees which these NEDs will be members of:

  1. Remuneration and Nomination Committee: Executive roles, responsibilities and accountability; senior executive remuneration; succession planning; future director appointments; and board performance evaluations.
  2. Audit, Risk and Compliance Committee: Financial reporting; external audit; internal controls; risk management; regulatory and product compliance; insurance; and significant legal matters.


Additional temporary board committees may also be established for specific transactions, such as capital raising, exit planning, IPO readiness or M&A.

PERSON SPECIFICATION

Essential Criteria: The successful candidates must be able to provide evidence of success in the following essential criteria:

  1. Governance: Successful candidates are highly likely to have prior governance experience as a NED and/or can evidence having successfully worked at board level in/with an organisation of similar scope and scale. Experience serving on or chairing a remuneration or a nomination committee, and practical expertise in board renewal, executive remuneration, succession planning and organisational design would also be an advantage. 
  2. Skills and Expertise: EITHER

    • NED 1: Senior US medical device commercialisation experience, ideally across ultrasound, medical imaging or adjacent healthcare sectors.

    • NED 2: Senior corporate finance, investment banking, capital raising, M&A, pre-IPO or IPO experience.

  3. Industry Experience and Connections: NED 1 – Relevant US industry and market-access networks OR NED 2 – Strong investor, adviser and capital markets networks.
  4. Passion and Fit: Evidence of having successfully worked in/with an organisation of similar scope and scale, and of being commercially pragmatic, independent, collaborative and comfortable constructively challenging management. 


LOCATION, REMUNERATION & TIME COMMITMENT

Location: Sydney-based candidates would be preferred, but not essential. 

Board Meetings: The board is expected to meet quarterly, online/in person, plus AGM each year. Committee meetings will occur more frequently as required. 

Remuneration: Remuneration is expected to be ~$45,000 per annum. In addition to annual director fees, the company may offer equity participation through its ESOP, subject to performance, tenure and board and shareholder approvals, creating genuine alignment with the company’s long-term success. 

TO APPLY

You must complete the application form below and supply an NED CV.

  • Applications close: Monday 10th August at 5pm
    • Summary to client: wc 17th August.
    • Shortlist meeting wc 24th August.
    • Final Panel Interview wc 31st August.
  • To arrange a confidential discussion, email: contact@boarddirection.com.au

Lumicare NED APPLICATION FORM

To prevent disappointment should something go wrong, and for future reference, we STRONGLY recommend that you save your responses in a Word document prior to submitting your application.

Please complete EVERY FIELD in the application form. Please take note of any character limits as you will not be submit content over the limit.

You will also be required to upload your CV, please have a copy ready to do so.

This field is for validation purposes and should be left unchanged.

Name(Required)
Address(Required)


1) Role Preference

Role Selelction(Required)
Which role are you applying for?


2) Governance Experience - Evidence of NED and Governance experience

Provide evidence of prior NED and governance experience. You should highlight your experience as a NED working with organisations of a similar scope and scale. Also, please highlight your experience of serving on or chairing a remuneration or a nominations committee. Your executive remuneration, succession planning and organisational design experience would be advantageous.
(1,500 character limit).


3) Skills and Experience - Senior US medical device commercialisation experience, ideally across ultrasound, medical imaging or adjacent healthcare sectors. OR Senior corporate finance, investment banking, capital raising, M&A, pre-IPO or IPO experience.

Evidence how you have provided strategic guidance to organisations similar to Lumicare on US market entry and commercialisation. Specifically: market access, distribution, GPOs, IDNs, pricing and commercial strategy, with specific US nuance for sales and marketing in mind. Evidence of being able to support a practical US market-entry plan and drive measurable progress toward US commercialisation and revenue growth. (1,500 character limit)
Evidence of having provided strategic guidance on capital management, fundraising and potential exit pathways to organisations of a similar scope and scale to Lumicare. Evidence your corporate finance, investment banking, M&A, pre-IPO and IPO experience. Success will be measured by your ability to support Lumicare in creating a clear capital management and exit strategy, stronger investor engagement, and the successful execution of future capital-raising or strategic transactions. (1,500 character limit)


4) Industry experience and connections

NED 1 - Provide evidence of you having relevant US industry and market-access networks OR NED 2 - Provide evidence of having strong investor, adviser and capital markets networks.
(1,500 character limit).

4) Motivation and Fit

Please tell us about the reason you are applying for this role and any experience successfully working with similar organisations.
(1,500 character limit).


6) Additional Information

Please provide any other pertinent information or information about how you might best contribute if appointed. (1,500 character limit)


7) NED CV Upload

Accepted file types: doc, pdf, docx, Max. file size: 10 MB.
Please upload your current board CV/Resume to support your application. (REQUIRED) Maximum file size: 10 MB.