Resignation of CFO
10 September 2009
Engineering and construction company Clough Limited (ASX:CLO) today announced that Andrew Walsh has resigned his role of Chief Financial Officer and Executive Director and will terminate his employment on 30 September 2009.
Chief Executive Officer, John Smith commented “Andrew has been with the Company for 6 years having joined as the business was entering a very difficult period. He has shown exceptional commitment and diligence in helping to steer the Company through that period. For the second successive year we have delivered an excellent financial result which puts us in a net cash position with the strongest balance sheet in the history of the Company. Andrew should take great credit in the role he has played and he will leave us in good shape poised for further growth. I wish him every success with his next venture”.
With immediate effect, and for an interim period Richard Simons and Neil Siford will split the responsibilities with Richard responsible for finance, treasury and investor relations and Neil responsible for management and statutory accounting.
The Company has commenced a search for a replacement and in that process will consider both internal and external candidates.
Ends
For further information, please contact:
John Smith, Chief Executive Officer +61 8 9281 9407
Kristy McGrath, Manager Marketing +61 8 9281 9344/ 0448 877 298
About Clough
Clough delivers an integrated Engineering, Procurement and Construction service to projects in the oil and gas, mineral and infrastructure sectors in Australia and across South East Asia. The Group's services range from concept development through design, construction, installation, commissioning, operations and maintenance.
We deploy a first class suite of integrated management systems and are committed to the concept of zero harm and the wellbeing of our people and to the sustainability of the environment and communities in which we work.