Former Downer executive Mike Sutton has been appointed as MACA chief executive after Chris Tuckwell announced he would be stepping down from the role, following an 11-year stint. MACA has also appointed Chris Sutherland to its board as a non-executive director.
Prior to his role at Downer, Mr Sutton worked in various senior operational roles in the mining and civil industries, including for 13 years at construction company Henry Walker Eltin.
“During his tenure, MACA has progressed from a private group with revenue of $83 million and total assets of $33 million to the publicly listed company it is today with forecast revenue of $770 million and total assets of $584 million,” Mr Edwards said.
“The board is confident Mr Sutton has the appropriate skills to lead MACA’s business through the next phase of its growth as it seeks to take advantage of the many opportunities available with existing and potential new clients.”
Mr Sutherland was the managing director of formerly ASX-listed Programmed Maintenance Services from 2008 to 2019.
The company was acquired by Tokyo Stock Exchange-listed Person Group in 2017 for $1 billion.
Prior to his role at Programmed, Mr Sutherland was the managing director of Integrated Group, which was acquired by Programmed in 2007, and executive director of asset services for Worley Parsons.
MACA shares were up 0.5 per cent at 12:55pm AEDT to trade at $1.00 per share.