Fast growing innovation and investment firm, Skafold, has appointed ex-MTX Group Australia CEO Ben Papps as its Executive General Manager and Investment Principal. As Executive General Manager, Ben is responsible for the overall management of investments made in the digital and data industries and growth of in-house data and development capabilities.
What does Papps bring to Skafold in the new role?
Prior to MTX Group, Mr Papps worked in executive roles with NBN Co., the Coles Group and as a management consultant with The Boston Consulting Group. Mr Papps said he was excited to join a new innovation and investment model that recognised the importance of delivering best and new practice services and start-up infrastructure to the industry.
Skafold Principal Adam Jacoby said the appointment of Ben was the next step in building a focused team to support and drive Skafold’s mandate to create a unique end-to-end innovation ecosystem that nurtures and develops start-ups and supports founders.
“Ben joins the team at a crucial time when we are about scale up our activity, and his skill set and capabilities will be invaluable for what we want to achieve,” Mr Jacoby commented.
“The digital and data sector is just one of a number of areas Skafold is looking to invest in, and as such having a lead to oversee this strategy is vital. His experience in guiding teams and corporate strategy across large organisations and management consulting will also provide us with the insights and networks to uncover new opportunities,” Mr Jacoby said.
What were Papps’ thoughts on the new role?
“The digital and data space has continued to grow at an enormous rate, which makes investing in this area much more complex than ever before,” Mr Papps commented.
“Having worked in management and strategy for a number of tech companies for many years has provided me the insights to assist Skafold accelerate this part of their business. I will also be responsible for managing a talented data team who will provide the expertise to build or develop new products as part of the investment strategy,” Mr Papps concluded.