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Romberg out of BGC plan

FOUNDER of failed building company Renowned, Rob Romberg, has missed out on the general manager’s position at BGC’s Perception Homes.

Renowned was placed in voluntary administration on November 18, owing creditors about $1 million, and its administrator Kim Wallman struck a deal with the newly formed JWH Group to complete the 30 homes it had under construction.

Mr Romberg was told last week that the Perceptions job was no longer his.

An industry source said Mr Romberg had been overlooked for the Perceptions job due to the fact that the administrator of his company had done a deal with JWH – a company that has an acrimonious history with BGC.

JWH Group managing director Julian Walter and BGC chief Len Buckeridge were embroiled in a battle over J-Corp, a company they owned 50-50.

BGC ended up absorbing most of J-Corp, except for its Rural Building Company and Oswald Homes arms, which went to Mr Walter.

However, J-Corp executive general manager Paul Arndt denied that the deal with JWH had anything to do with Mr Romberg’s position.

“At the end of the day Rob wasn’t the right fit for the role,” he said.

Mr Romberg had attempted to transfer the 30 homes across to Perceptions but that deal did not pan out.

Mr Wallman said  it appeared that Renowned’s problems arose from a number of losses over a period of time and a lack of working capital.

He said there was no way that Renowned could have traded out of its difficulties.

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