James Spenceley | |
---|---|
Councillor of North Sydney Council for St Leonards Ward | |
Assumed office 4 December 2021 | |
Assumed office 5 October 2024 | |
Personal details | |
Born | James Roland Travers Spenceley Sydney,Australia |
Political party | Independent |
Occupation | Venture capitalist,entrepreneur |
Known for | Founder of Vocus Group |
James Roland Travers Spenceley is an Australian investor,entrepreneur,company director,and politician. He is the founder of Vocus Communications and an active venture capital investor. He was a seed investor in Airtasker in 2012,and was chairman of the board from 2015 until 2023,when he resigned his position in order to concentrate on his humanitarian aid organisation Aus Ukraine Aid. In December 2021,Spenceley was elected in first position as a councillor for St Leonards Ward of North Sydney Council,and was re-elected in October 2024.
James Roland Travers Spenceley [1] was born in Sydney,Australia.[ citation needed ]
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. [2] On 25 June 2021 Vocus was acquired by Macquarie Infrastructure and Real Assets (MIRA) and Aware Super for $3.5 billion. [3]
Spenceley started Vocus in September 2007,when he sold his house to initially fund the business. The company listed on the Australian Stock Exchange (ASX) in 2010. [4] When he stepped down as CEO of Vocus in March 2016 the company had revenues of greater than $1.8 billion. [5]
Spenceley purchased the Wollongong Hawks (now Illawarra Hawks) NBL basketball team in July 2014 right before the start of the 2014/2015 season. [6] In October 2014,he laid out his plan to win a Grand Final within 3 years. [7] 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. [8] In February 2018,Spenceley announced he had sold his interest in the Illawarra Hawks. [9]
Spenceley was a seed investor in Airtasker in 2012,and was chairman of the board from July 2015 until June 2023. [10]
Spenceley is an active venture capital investor. [11] As of 2018 [update] he had investments in Beforepay;the meal kit delivery service Marley Spoon;the online and indoor vertical farming startup Sustenir;and several other businesses. [12] As of 2023 [update] he was on the boards of Kogan.com and Swoop Telecom. [10]
In early 2021 the Australian Financial Review reported that Spenceley was preparing to list the wireless Telco Swoop Telecom [13] on the ASX with the backing of Tattarang,the family office of Andrew Forrest. The business listed on the ASX under the code SWP,raising $20m [14] and was up 150% on its first day of trading. [15]
Spenceley announced in June 2021 that he was running as an independent for a position on North Sydney Council at the upcoming local government election. [16] At the subsequent election held on 4 December 2021,Spenceley was elected in first position as a councillor for St Leonards Ward of North Sydney Council. [17]
He was re-elected on 5 October 2024,as one of five selected from 20 candidates. [18] [19]
In 2017 and 2018 he was a national judge for the Australian Ernst &Young Entrepreneur of the Year Award. [20]
He stepped down from his position as chair of the Airtasker board in mid-2023 in order to focus on the humanitarian organisation which he had founded,Aus Ukraine Aid. The organisation focuses on aid to Ukrainians affected by the Russian invasion of Ukraine. [10]
Spenceley's wife is Ukrainian. [10]
James Douglas Packer is an Australian billionaire businessman and investor. Packer is the son of Kerry Packer,a media mogul,and his wife,Roslyn Packer. He is the grandson of Frank Packer. He inherited control of the family company,Consolidated Press Holdings Limited,as well as investments in Crown Resorts and other companies. He is the former executive chairman of Publishing and Broadcasting Limited (PBL) and Consolidated Media Holdings,which predominantly owned media interests across a range of platforms,and a former executive chairman of Crown Resorts.
Jack Cowin is a Canadian-Australian businessman and entrepreneur with a long-term involvement in franchised fast food chains in Australia and Canada. Cowin brought KFC to Australia,founded and owns Hungry Jack's,which is the Burger King franchise in Australia,and has at various stages controlled the Domino's Pizza franchise in Australia prior to its 2005 listing on the ASX.
Harry Oskar Triguboff is a Chinese-born Australian billionaire real estate developer,and one of Australia's richest people. He is the founder and managing director of Meriton and is known as "high-rise Harry".
Bruce Gordon is an Australian businessman. He is the owner of the Australian television network,WIN Television through his ownership of WIN Corporation,the largest shareholder of Network 10 &the largest shareholder of the Nine Network,and holds a significant stake in Nine Entertainment Co.
Shaun Bonétt is an Australian entrepreneur and property developer who founded and is CEO of Precision Group.
Vocus Group Limited,formerly known as Vocus Communications,is an international telecommunications company headquartered in North Sydney,Australia. Founded by James Spenceley as a wholesale,business,government and consumer telecommunications provider,Vocus owns and manages Australia's second largest intercapital fibre network. Vocus provides retail,wholesale and corporate telecommunications services across Australia and New Zealand. Vocus offers data network services such as Internet,dark fibre,IP WAN,unified communications and telephony and cloud services to mid,large and corporate businesses direct and also acts as a wholesaler. The company owns and operates 18 data centres across Australia and New Zealand and has an onshore network operations centre run by the engineers who built the network.
Colonel Anthony Joseph Pratt is an Australian businessman. He is the chairman of Pratt Industries and Visy,the world's largest privately owned packaging and paper company. Pratt is the heir to former chair of Visy Richard Pratt,who was the son of Leon Pratt,who co-founded the company in 1945. Pratt was awarded the honorary title of Kentucky Colonel by Gov Andy Beshear in 2023 in acknowledgment of Pratt’s $700m investment in a new 100% recycled paper mill in Henderson,Ky.
Xu Rongmao,or Hui Wing Mau in Cantonese,is a Chinese-Australian entrepreneur and billionaire,and the founder and the chairman of Shimao Property. Xu is estimated to be one of the largest property developers in Shanghai. According to Forbes in 2021,his net worth is estimated at $10.3bn.
M2 Group Ltd was an Australian retailer and wholesaler of telecommunications services as well as power,gas and insurance products.
The Financial Review Rich List,formerly known as the BRW Rich 200,is a list of Australia's two hundred wealthiest individuals and families,ranked by personal net worth published annually in The Australian Financial Review Magazine,a supplement of The Australian Financial Review,published by Nine Publishing. The list provides a short summary on some of the known business activities of the individuals and families,together with commentary on how their ranking has changed from the previous year,if listed.
Vaughan Garfield Bowen is an Australian businessman. He is the founder and former executive director of M2 Telecommunications,an Australian telecommunications company.
Patrick Y-Kin Grove is a Singaporean and Australian tech entrepreneur of mixed heritage.
Michael Cannon-Brookes is an Australian businessman who is the co-founder and chief executive officer of software company Atlassian.
David Hains was an Australian businessman,engineer,and horse breeder. He was the founder and once CEO of Portland House Group,Australia’s largest private investments management firm and hedge fund. According to Forbes,Hains had at the time of his death a personal net-worth of around $2 billion,making him one of Australia’s richest person.
Lloyd Stanley Perron was an Australian businessman and philanthropist.
Airtasker is a Sydney-based Australian company which provides an online and mobile marketplace,enabling users to outsource everyday tasks. Users describe the task and indicate a budget;community members then bid to complete the task.
Scott Farquhar is an Australian businessman who is the co-founder and the former co-chief executive officer of software company Atlassian. Farquhar often carries the epithet of accidental billionaire after he and his business partner Mike Cannon-Brookes founded Atlassian with the aim to replicate the A$48,500 graduate starting salary typical at corporations without having to work for someone else. Farquhar and Cannon-Brookes were Australia’s first technology billionaires.
Geoff Harris is an Australian businessman and philanthropist.
Pepper Money Limited,known as Pepper Money,is a consumer finance company that specialises in consumer lending and residential mortgages. It is part of Pepper Financial Services Group,which has offices in Ireland,Spain,South Korea and the United Kingdom.
Valarie "Larry" Kestelman is an Australian billionaire property developer and businessman. He co-founded internet service provider Dodo in 2001,which was bought out in 2013,and has interests in various other industries via his holding company LK Group. He is also known for his involvement in Australian basketball,including as the majority owner of the National Basketball League (NBL) since 2015.