03/02/2014 - 15:51

New CEO for OTOC

03/02/2014 - 15:51

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New CEO for OTOC
OTOC's Adam Lamond, who will move to a position of executive director for corporate strategy.

Contractor OTOC has appointed Simon Thomas as its new chief executive officer as current CEO Adam Lamond takes on the position of executive director for corporate strategy.

Mr Thomas previously worked for BHP Billition as project manager at its Jimblebar iron ore project in the Pilbara.  

OTOC chairman Derek La Ferla said Mr Thomas’s experience in the industry would be invaluable as the company moved onto the next phase of growth and diversification.

Mr Thomas said the positive outlook of the company attracted him.

“I am delighted to join OTOC and look forward to delivering the company’s vision of growing a diverse infrastructure services company,” he said.

According to the key terms of Mr Thomas’s employment contract released by OTOC, he is expected to receive $425,000 per year plus statutory superannuation.

OTOC has traditionally focused on the mining sector, delivering mine site camps for Rio Tinto, BHP Billiton and Fortescue Metals Group among others.

It has diversified its business over the past year, winning $28.7 million and $16 million construction contracts at the federal government‘s migrant processing centre on the Pacific island of Nauru. 

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