Macmahon Holdings has appointed Ken Scott-Mackenzie as chairman, replacing Richard Carter who has decided to retire at the company's general meeting in November.
The announcement is below:
Macmahon Holdings Limited (ASX:MAH) announced today that Chairman Mr Richard Carter will retire at the conclusion of the Annual General Meeting, to be held on 27 November 2009.
Mr Carter indicated his intention to retire at the 2008 Annual General Meeting.
The Board of Macmahon has unanimously agreed that Mr Ken Scott-Mackenzie will be appointed Chairman, subject to his re-election at the upcoming Annual General Meeting on 27 November 2009.
Mr Scott-Mackenzie was appointed to the Board in May 2009 and has demonstrated an extensive knowledge of the contracting industry. His commercial management capability, coupled with his proven experience in leadership roles within large and diversified organisations, has seen him add value and further depth to the Board.
The Board are confident that Mr Scott-Mackenzie is ideally suited to lead Macmahon into its next phase of development.
Mr Carter joined the Board in October 2001 and was appointed Chairman in December 2004. Mr Carter led Macmahon through a period of significant change and growth and has been instrumental in transforming the Company into a top-tier contractor. The Board acknowledges and thanks Mr Carter for his commitment and contribution to the Company.
Furthermore, Mr Barry Cusack, who has been a Director since June 2002, has been appointed Deputy Chairman, effective today.
Mr Cusack is a long-serving Director and is based in Perth, Western Australia. The Board sees value in having the Deputy Chairman situated in Western Australia, where Macmahon is headquartered.