Ann: FBR Appoints Chief Innovation Officer, page-3

This is very interesting news, CAT execs saw what FBR can do and "jump" ship to it? Obviously they are going into the US/Americas market. Surely the relationship with CAT is more then it seems.

Commenting on the appointment of Mr Pierz, CEO Mike Pivac said: “We are privileged to have secured the services of Mr Pierz to spearhead innovation at FBR. Steve is a high quality individual and will be a fantastic addition to the team, given his experience and his approach to innovation and continuous development. Further, the establishment of a permanent US office is a big milestone for our Company, and I’m excited for the commercial and development opportunities that presence will bring to FBR.” FBR’s Chief Innovation Officer, Steve Pierz said: “FBR’s technology and drive to create change has excited me from the moment I was introduced to the Company, and I am thrilled to be joining in a full time capacity. One of my personal motivations is to play a role in addressing the worldwide housing shortage, where over a billion people have either inadequate or no housing. I am confident FBR’s technology presents a solution to this global issue, and I look forward to leading our Company’s growth in the United States with the support of the fantastic team in Western Australia and the Middle East.”