James Spenceley

James Spenceley
Born September 1976
Sydney, Australia
Nationality Australian
Occupation Venture capitalist, entrepreneur
Organization MHOR Asset Management
Known for Founder of Vocus Group (ASX:VOC)
Chairman of Airtasker
Chairman of Silver Heritage (ASX:SVH)
Non-Exec Director Indoor Skydive Australia (ASX:IDZ)
Former owner of Illawarra Hawks NBL Basketball Team
Net worth Increase $51 million (2016)

James Spenceley (born September 1976) is an Australian investor, award-winning entrepreneur and company director. He is the founder of Vocus Communications (now Vocus Group), the CEO and co-founder of MHOR asset management and an active Venture Capital investor. He is also the Chairman of Airtasker, Chairman of Silver Heritage Group and Non-Executive Director of Indoor Skydive Australia.

Spenceley is most widely known for his role as the founder and former CEO of Australia's 4th largest fixed line telecommunications company Vocus Communications.[1]

Spenceley started Vocus in September 2007. He sold his house to initially fund the business.The company listed on the Australian Stock Exchange (ASX) in 2010.[2] When he stepped down as CEO of Vocus in March 2016 the company had revenues of greater than $1.8 billion and a market capitalisation of $5 billion.[3]

In 2016 Spenceley was listed at number 51 of Financial Review Rich List of 100 wealthiest Australian's under 40 with a net worth of $51 million.[4]

Spenceley purchased the Wollongong Hawks (now Illawarra Hawks) NBL basketball team in July 2014 right before the start of the 2014/2015 season.[5] In October 2014 he laid out his plan to win a Grand Final within 3 years.[6] The team finished last in the 2014/2015 season, 4th in the 2015/2016 season and was runner up in the 2016/2017 season losing in the Grand Final to the Perth Wildcats.[7] In February 2018 Spenceley announced he had sold his share in the Illawarra Hawks.[8]

He is an active Venture Capital investor,[9] with investments in the marketplace business Airtasker where he is now Chairman of the board, Spaceship Financial Services, meal kit delivery service Marley Spoon (ASX:MMM), Integrated Green Energy Solutions (ASX:IGE) which uses patented technology to turn unwanted plastics into road ready fuel and indoor vertical farming startup Sustenir[10].

Spenceley is Non-Executive Chairman of ASX listed, South Asia Casino and Resort operator Silver Heritage Group (ASX:SVH) [11] in September 2018 he was appointed Non-Executive Director of ASX listed vertical wind tunnel operator Indoor Skydive Australia (ASX:IDZ).

In 2017 and 2018 he was a national judge for the Australian Ernst & Young Entrepreneur of the Year Award.[12]

Spenceley was voted by the Daily Telegraph newspaper as the 11th most influential person living on Sydney's North Shore beating out actors Nicole Kidman and Ray Meagher (Alf Stewart) and just missing out on the Top10.

Awards

References

  1. ↑ Ramli, David (2015-09-28). "Vocus to merge with M2 to create $3 billion telecommunications titan". The Sydney Morning Herald. Retrieved 2017-11-28.
  2. ↑ White, Sue (2016-02-20). "Meet the boss: Vocus founder James Spenceley". The Sydney Morning Herald. Retrieved 2017-11-29.
  3. ↑ "CMO50 2016 #9: Jon Amery, Vocus". CMO Australia. Retrieved 22 June 2018.
  4. 1 2 "BRW Young Rich 2016". Financial Review. 2016-10-28. Retrieved 2017-11-28.
  5. ↑ KEEBLE, TIM (2014-07-14). "It's official: James Spenceley takes on Wollongong Hawks". Illawarra Mercury. Retrieved 2017-11-28.
  6. ↑ "Spenceley lays platform for a new Hawks era". Illawarra Mercury. 2014-10-09. Retrieved 2017-11-28.
  7. ↑ "Resilient Illawarra Hawks prove pundits wrong to make NBL grand final". ABC News. 24 February 2017. Retrieved 22 June 2018.
  8. ↑ Mee, Cameron (2018-02-06). "Illawarra Hawks owner James Spenceley sells club". Illawarra Mercury. Retrieved 2018-05-28.
  9. ↑ "Telco boss turned fund manager James Spenceley on small caps investing". Financial Review. 11 December 2017. Retrieved 22 June 2018.
  10. ↑ "Dailytelegraph.com.au | Subscribe to The Daily Telegraph for exclusive stories". www.dailytelegraph.com.au. Retrieved 2018-08-01.
  11. ↑ "Silver Heritage names Australian business mogul James Spenceley as new Chairman". Asgam.com. Retrieved 22 June 2018.
  12. ↑ "EOY Judging". Ey.com. Retrieved 2017-11-29.
  13. ↑ "Dailytelegraph.com.au | Subscribe to The Daily Telegraph for exclusive stories". www.dailytelegraph.com.au. Retrieved 2018-07-23.
  14. ↑ "Vocus founder James Spenceley inducted into CommsDay's Hall of Fame Telecom Industry Awards". Retrieved 22 June 2018.
  15. ↑ "EY".
  16. ↑ "Why you should hire crazy, smart people". Financial Review. 2015-05-08. Retrieved 2018-05-29.
  17. ↑ "Young Rich 2013: 81. James Spenceley". Financial Review. 29 November 2013. Retrieved 22 June 2018.
  18. ↑ Douglas, Jeanne-Vida (21 September 2011). "Tech kings dominate BRW Young Rich". The Sydney Morning Herald. Retrieved 22 June 2018.
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