New CFOs at Calibre, Seven Group

Calibre Group and Seven Group Holdings have appointed new chief financial officers today, with both being former executives at engineering contractor Downer EDI.

Peter Reichler joins Calibre as interim chief financial officer, following Brett Maff’s resignation from the engineering construction firm last Friday.

Mr Reichler has been a director of Sydney-based private investment group RS Holdings for the last two years. Prior to that, he was Downer EDI’s CEO Group Ventures between 2009 and 2011, having joined the company in January 2006 as chief financial officer. He also has international experience within the Amcor Group, including as VP finance for Amcor Europe.

Calibre chairman Ray Horsburgh thanked Mr Maff for his contribution to the group.

“Brett Maff has been a valued member of the Calibre team, particularly through the company’s IPO process, and has been instrumental in repositioning the business to manage recent market conditions. We wish him well and thank him for his substantial contribution to the Calibre business.”

Meanwhile, Seven Group Holdings has appointed Richard Richards as chief financial officer.

Mr Richards joins the Sydney-based company directly from Downer, where he was deputy chief financial officer responsible for group finance for the past three years.

Mr Richards has previously also worked as CFO for the Family Operations of LFG, the private investment and philanthropic vehicle of the Lowy family, and has held senior finance roles at Qantas.

He will report to Seven Group managing director Don Voelte.