19/01/2010 - 09:18

Nomad creates CEO role for east coast

19/01/2010 - 09:18

Bookmark

Save articles for future reference.

Modular builder Nomad Building Solutions has today announced the appointment of Brett McDonald for the newly created chief executive role for the eastern states.

Nomad creates CEO role for east coast

Modular builder Nomad Building Solutions has today announced the appointment of Brett McDonald for the newly created chief executive role for the eastern states.

"With Brett's experience in property and major projects we are confident that he will build on the Halley Homes and the Nomad Modular Building businesses established in Brisbane," Nomad executive chairman Rick Blair said.

Mr McDonald has more than 20 years experience on a diverse range of projects and established businesses worldwide.

He was previously the chief executive of South East Queensland private property developer TRE Developments/Heritage Pacific.

"Brett's extensive knowledge in major projects within remote and difficult locations will enhance the groups' ability to attract major clients in the Eastern States and capitalise on the major infrastructure, mining activity and housing shortage in these key markets." Mr Blair said.

Mr McDonald's appointment follows the decision last week from group chief executive Alan Thomas to demote himself to his previously held position of CEO of Nomad subsidiary Rapley Wilkinson.

Mr Thomas' resignation followed the downgrade of Nomad's profit guidance for the 2010 financial year to a $2 million loss.

Nomad had previously forecast a $10 million to $12 million profit.

The company blamed poor market conditions, poor management and systems and a failure to secure anticipated work.

Nomad had previously said it would consider and evaluate strategic options.

A search for a replacement CEO is continuing.

Shares in Nomad dipped one cent to 30c at 11:56 AEDT.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options