Paul Dalgliesh has been appointed as the chief executive of Tempo Australia, and William Howard will also join the struggling contractor as its chief financial officer.
Investors welcomed the appointments, as Tempo’s shares rose 25 per cent to trade at 7 cents each at 10.45am AEST.
One year ago, its shares were trading at 16 cents each, before cost issues at several of its projects left it $4.5 million in the red for the year to December.
Mr Dalgleish has been acting as an adviser to the company since the resignation of previous chief executive Ian Lynas amid a cost blowout at Tempo's $15.3 million, 12-month contract at Enel Energy’s Cohuna solar farm project in Victoria.
Mr Dalgleish quit as RCR Tomlinson’s managing director in August last year, about three months before the company went into administration over combined cost blowouts of $57 million at two solar energy projects in Queensland.
He served in the role at RCR for about nine years.
Mr Dalgleish will receive a base salary of $360,000 per annum.
Mr Howard joins Tempo after serving in various management roles in financial services and mining services businesses in NSW.
Tempo chairman Guido Belgiorno-Nettis said he welcomed Mr Dalgleish and Mr Howard to their roles and said they brought deep turn around and industry experience.
Last month, Tempo Australia emerged from a 1.5-month trading halt to announce it agreed terms in-principle with Enel Energy that could potentially prevent a cost blowout at the Cohuna project.