One of the joys of being a business reporter in this state for the better part of 25 years is that the background to a story is often more obvious to me than others with less time in the field.
The former chief executive of ASX-listed company Advanced Braking Technology, Ken Johnsen, has taken the helm of Dunsborough firm Nauti-Craft, which has developed a suspension system for boats.
Perth-based vehicle braking systems manufacturer Advanced Braking Technology has posted record-high first half revenue figures of more than $2 million on the back of stronger sales reflecting a continuing recovery in its core mining services market.
Balcatta-based Safe Effect Technologies Ltd was close to calling in the receivers early in 2006 when Ken Johnsen joined as chief executive, mid-way through the company's recapitalisation and efforts to relist on the Australian Securities Exchange.
Balcatta-based Safe Effect Technologies Ltd has converted the last of its remaining debt under a $9 million convertible note to shares, on the day former chairman Roger Cowan announced he would resign from the board on December 31.
Former Orbital director Ken Johnsen is leading the revival of little-known Balcatta company SafeEffect Technologies, which is aiming to relist on the Australian Stock Exchange this month after a two-and-a-half-year suspension.
