Macmahon Holdings boss Ross Carroll, who was one of the highest paid chief executives in Western Australia's contracting sector, has resigned with immediate effect, as the company increases its focus on cost cutting.
Macmahon Holdings shareholders have registered their displeasure with the company's poor finance performance, with nearly half voting today against the granting of performance rights to managing director Ross Carroll.
Brockman Resources has replaced most of its board of directors in the wake of Hong Kong investment house Wah Nam International taking a controlling stake in the iron ore junior.
Brockman Resources and Wah Nam International say the timely development of the Marillana iron ore project is top priority following the conclusion of Wah Nam's $900 million plus takeover offer.
