Two new members have been appointed to the Export Finance Australia Board, as the organisation continues to support Australian exporters throughout the COVID-19 pandemic.
The new members Mr James Douglas (Chair of Carbon Revolution Ltd) and Mr Jimmy Wilson (CBH Group Chief Executive Officer) have been appointed to the EFA Board for three-year terms.
Export Finance Australia Chair Mr James M Millar has been reappointed for a further three-year term.
Trade Minister Simon Birmingham said EFA continues to play a pivotal role in assisting Australian exporters to respond to the challenges of COVID-19.
“Australian exporters continue to face significant challenges such as rising export costs, disruptions to supply-chains or loss of markets that are making it difficult for some of them to access vital commercial finance,” Minister Birmingham said.
“EFA’s suite of financial expertise and solutions, including the COVID-19 Export Capital Facility which our Government established earlier this year, will continue to help exporters to get back on their feet through helping to re-establish markets, provide working capital support or by helping exporters purchase new equipment to expand their operations.
Assisting SMEs to boost exporting operations
“The reappointment of Mr Millar and the appointments of Mr Douglas and Mr Wilson reflect the Morrison Government's ambition to ensure EFA has broad perspectives on the Australian economy and expertise in debt financing.
“These appointments will help ensure strong oversight of EFA as it continues to assist Australian exporters, especially small and medium sized enterprises to boost their exporting operations and support local jobs.”
Senator Birmingham thanked outgoing Deputy Chair and Audit and Risk Committee Chair Mr Rick Sawers, Ms Denise Goldsworthy and Ms Laura McBain for their service to the EFA Board.
The new and reappointed board members join Ms Jodie Baker, Mr Rob Chapman, Ms Swati Dave, Ms Linda Cheng and Ms Frances Adamson on the Board.
Export Finance Australia provides financial expertise and solutions to Australian exporters through loans, guarantees, bonds and insurance options.