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Veem specialises in marine propulsion and stabilisation systems. Photo: Attila Csaszar

Veem manager resigns amid court action

The recently recruited global sales manager of Perth engineering company VEEM has been forced to resign after his former employer took Supreme Court action, claiming he breached terms of his employment agreement.

US-based Naiad Maritime Group has alleged that its former global sales director, Steven Vidakovic, made unauthorised copies and removed confidential information from Naiad before resigning from the business on January 15 to take on a similar role at Perth-based Veem.

He started at Veem on January 24.

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VEEM (VEE)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
thDreamscape Networks0%0%
285thMareterram13%172%
325thNearmap6%80%
394thTech Mpire-4%0%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

55th↑Mareterram$50.7m
56th-Dreamscape Networks$46.5m
57th-VEEM$41.2m
58th↑Nearmap$40.7m
59th↑Tech Mpire$37.2m
232 listed industrial companies ranked by revenue.
Source: Morningstar

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