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Leighton Holdings appoints new Chairman

LNG Industry,


Leighton Holdings, the strategic management company and leading Australian LNG contractor, has announced the retirement of Mr Bob Humphris OAM as Chairman and his resignation as a Non-executive Director.

Subsidiaries of Leighton Holdings are working across Australian LNG projects in Queensland, Northern Territory and Western Australia from contracts at Itchys to deliver civil works, to collaborating with Australia Pacific LNG to deliver a gas gathering system for an LNG export project.

Mr Humphris said: “It has been a privilege to be involved with Leighton for the last nine and a half years and as Chairman for the last year. However it is now time for me to retire from corporate life and to hand over to a new team.

“I look forward to watching Leighton grow and prosper in the future, building on the professionalism of our staff and, in particular, the Group’s very strong ‘can do’ culture. The Leighton Group is a wonderful contractor and I’m sure that it has a bright future ahead of it.”

CEO, Mr Marcelino Fernández Verdes, has been appointed to the role of Executive Chairman, replacing Mr Humphris. Mr Fernández Verdes said: “It is an honour to be appointed to the role of Executive Chairman at Leighton Holdings and I look forward to continuing to build on our rich history as one of the world’s leading international contractors.”

The Company also appointed two new Independent Non-executive Directors, Mr Russell Chenu and Mr Trevor Gerber.

Changes to the boardroom come after a 75% takeover bid by the Leighton's majority shareholder Hochtief, where Mr Fernandez Verdes is chief executive.

In March, Leighton accepted an AU$ 1.2 billion offer from Hochtief to increase its 59% stake to 75%.

However, as part of the deal, chief executive Hamish Tyrwhitt, chief financial officer Peter Gregg and three other board members were asked to step down, and were replaced directors from Hochtief.

 

Edited from various sources by Ted Monroe

Read the article online at: https://www.lngindustry.com/floating-lng/11062014/marcelino_fernandez_verdes_appointed_leighton_holdings_chairman_as_bob_humphris_steps_down/


 

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