Brisbane-based workforce management company PeopleIN (ASX: PPE) has announced Go1 co-founder Vu Tran will join its board as a non-executive director, effective from 1 July.
Tran, who built edtech giant Go1 alongside fellow co-founders Andrew Barnes, Chris Eigeland and Chris Hood, will bring more than a decade of tech and entrepreneurial expertise to the new role.
His appointment comes three weeks after Go1 achieved double unicorn status following a $139 million raise backed by AirTree Ventures, Blue Cloud Ventures, Five Sigma, Madrona, Salesforce Ventures, and SoftBank Vision Fund 2.
In addition to running Go1, which has garnered approximately five million users worldwide, Tran sits on the board of Brisbane-based Sporting Wheelies – an organisation that helps people with disabilities access sport, recreation and training.
Tran has also practised as a doctor for more than 10 years and completed a Bachelor of Medicine/Bachelor of Surgery (MBBS) from Bond University in 2011. He also joined a fellowship with the Royal Australian College of General Practitioners (RACGP).
“I look forward to bringing my experience in technology, healthcare, community care, and growing business at scale to the PeopleIN Group,” says Tran, who with his fellow Go1 co-founders won the 2021 Australian Young Entrepreneur of the Year award.
Founded in 1996, PeopleIN provides recruitment services in sectors such as technology, health and community care, accounting, childcare, food and mining. The company works with more than 3,500 clients and has helped fill roughly 25,000 roles every year.
The news of Tran's appointment comes almost a month after PPE announced the $45 million acquisition of workforce solution business Food Industry People (FIP). Founded in 2006, FIP addresses labour shortages in Australia through the attraction, onshoring and employment of workers from the Pacific Islands under the Pacific Australia Labour Mobility (PALM) Scheme.
The acquisition is expected to contribute approximately $9.5 million in EBITDA to PPE for FY23.
While he still remains in his current role, FIP CEO Brad Seagrott also agreed to join PPE's executive leadership team upon completion of the buyout, which was finalised on 6 June.
In an update to the market earlier this month, PPE reaffirmed it is projected to earn in the range of $45 million to $47 million for FY22, representing a year-on-year increase of 21 per cent.
The company has completed approximately 14 acquisitions since listing on the ASX five years ago.
Shares in PPE are down 2.23 per cent at $2.86 each at 2:05pm AEST.
Get our daily business news
Sign up to our free email news updates.
Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support