Smith-Gander retains Broadspectrum chair

Spanish infrastructure giant Ferrovial has begun overhauling the Broadspectrum board as its takeover of the detention centre operator nears completion, with Diane Smith-Gander to remain as chair.

Broadspectrum said today that Douglas Snedden, Roy McKelvie, Katherine Hirschfeld and Geoffrey Kleemann had resigned as non-executive directors from the seven-member board, and would be replaced by Ferrovial representatives.

Ferrovial, which this month extended its $1.50 per share offer for Broadspectrum, holds an 88.06 per cent stake in Broadspectrum.