Perth, Sep 12, 2006 AEST (ABN Newswire) - QRSciences Holdings (ASX: QRS)(PNK: QRSHY) is pleased to announce the appointment of Ray Schoer as a Non-Executive Director. Mr. Schoer has a long and distinguished business career. After holding senior positions in several government departments, including the Australian Treasury, he was appointed Chief Executive Officer of the National Companies and Securities Commission (NCSC), the forerunner to ASIC, in 1980 and oversaw the first ten years of this regulatory body's operation.
From 1990 he was National Director of the Australian Stock Exchange, serving on numerous government, international and stock exchange committees. He resigned from this position in 1995 to become Principal of his own consulting business, Schoer Consulting Pty Limited, which provides a wide range of consulting services to organisations such as the World Bank, the Asian Development Bank and the Australian Agency for International Development.
Mr Schoer is currently Chairman of Sydney Gas, Australia Pacific Exchange, Rabinov Diversified Property Trust and Zelos Resources NL. In November 2005, he retired as Chairman of IOOF Holdings, following an eleven year association with the IOOF group in a non-executive capacity.
Kevin Russeth, QRS's Chief Executive Officer, commented: "We are very pleased to have attracted someone of Mr Schoer's calibre. He brings to the QRS Board considerable business and corporate governance experience, which complements existing Board strengths and which will prove invaluable as the Company progressively commercialises its core technologies. This appointment concludes our previously stated plans to move towards a majority non-executive Board.
Mr Schoer said: "The opportunities for the Company's unique technologies are now rapidly expanding, particularly in the areas of explosives and narcotics detection. I look forward to contributing to this important period in QRS's history, as it begins to realise the value of its intellectual property and technologies."
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QRSciences Holdings Limited