Mark Weldon joins Soundchip board as non-executive director and Chair

Geneve, 8 May 2013 – Soundchip is pleased to announce that Mark Weldon has joined the company’s board as a non-executive director and Chair.

Mark is a distinguished scholar, Olympic swimmer and successful businessman. He holds a Juris Doctor degree from Columbia University, New York, a diploma in International Law (Hons) also from Columbia, a MCom (Hons) in Economics, and Bachelor degrees in Commerce and Arts from The University of Auckland.

Mark worked as an attorney at Skadden, Arps in New York, and then in the New York office of McKinsey & Company. Until May 2012 Mark was CEO of NZX which ran trading, clearing, settling and other securities market technology systems, consumer website, and the national energy market infrastructure. Mark’s leadership marked a turning point for the exchange, creating investor confidence in the New Zealand market, and attracting both national and international buyers. Over the time of Mark’s tenure, NZX outperformed its peer group, generating a annualized return to shareholders of 25% per annum.

Mark has been engaged heavily in public policy, Chairing the Prime Minister of New Zealand’s Job Summit in 2009, and being a part of the Tax Working Group, Climate Change Leadership Forum, Capital Markets Development Taskforce, amongst others.

As a sportsman, Mark swam for New Zealand at the Commonwealth Games in 1990 and at the 1992 Barcelona Olympic Games, and has recently joined the Board of High Performance Sport New Zealand, having previously been a Board member at the New Zealand Olympic Committee.

Mark Donaldson, CEO said, “Having contributed at board-level for the past twelve months we are very pleased to be announcing Mark’s joining the board as a non-executive director. Given Mark’s strengths in strategy and governance it was appropriate that he also assume the role of Chair. We are absolutely delighted to have attracted someone of Mark’s talents and experience to the company and look forward to working with him in developing Soundchip’s business in personal audio technologies.”