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Coleman and Moffat to Ausron

AUSRON Ltd has announced two new appointments to its board of directors. Craig Coleman has been appointed executive chairman and Andrew Moffat has been appointed executive director. The appointments coincide with the resignation of managing director Ken Richards and non-executive directors Ross Norgard and Trevor Clohessy. Mr Coleman and Mr Moffat are to acquire 63.5 million shares in Ausron, or an 18.9 per cent stake in the company’s issued shares, following an agreement between the retiring board members and their associated shareholders. The vendors will retain 49.9 million shares, a 14.9 per cent stake.

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