Skilled Group has recruited senior Asciano executive Angus McKay as its new managing director.
He will replace Mick McMahon, who announced in August he will stand down in January next year, after five years leading the labour hire and workforce services business.
Mr McKay will be paid a base salary of $1.25 million and will participate in a long-term incentive scheme, with the issue of performance rights tied to earnings per share and total shareholder return.
His package does not include a short-term incentive.
Skilled said last week that engineering and marine activity remained strong.
It follows the company refinancing more than $300 million of debt last week.
Skilled was down 4.3 per cent to $1.17 at the time of writing.