As part of its ongoing Board renewal and succession planning programme, the Board is pleased to announce the appointment of Dr John Mulcahy as Chairman Elect, to assume the position of Chairman on Mr William’s retirement. Dr Mulcahy was appointed to the Coffey Board in 2009 and is Chairman of the Remuneration Committee and a member of the Risk Management Committee.
Dr Mulcahy has more than 27 years of management experience in financial services and property investment. He is the former Managing Director and Chief Executive Officer of Suncorp-Metway Limited. Prior to joining Suncorp, he held a number of senior executive roles at Commonwealth Bank, including Group Executive – Investment and Insurance Services. He also held a number of senior roles during his 14 years at Lend Lease Corporation, including Chief Executive Officer – Lend Lease Property Investment and Chief Executive Officer – Civil and Civic.
Dr Mulcahy has extensive Board experience and is currently a Non-executive Director of Mirvac Limited and a Guardian of the Future Fund of Australia.
Dr Mulcahy holds a Doctorate of Philosophy in Civil Engineering and is a Fellow of the Institute of Engineers.
Mr Williams said: “It has been an honour serving the Company as Chairman over the past fifteen years. I am pleased to hand over to John Mulcahy and look forward to working with him to ensure a smooth transition.”
Dr Mulcahy said: “On behalf of the Board, I would like to pay tribute to Stephen Williams for his leadership over the past 15 years as Chairman. He has made an outstanding contribution to the growth of the Company through his strategic vision and dedicated service.
“I am very pleased to have been chosen as the next Chairman of Coffey, and look forward to working with the Board and the Managing Director Roger Olds and his executive team to focus on the growth of Coffey as a leading global professional services consultancy, and improving shareholder returns in the coming years.”
Appointment of New Non-executive Director
The Coffey Board is pleased to announce the appointment of Ms Susan Oliver as an independent Non-executive Director of the Company effective 1 October 2010.
Ms Oliver is an experienced company director of 14 years with extensive professional experience in strategy, marketing, technology and scenario planning. She is currently a Non-executive Director of Centro Properties Group and Programmed Maintenance Services Limited, and was until recently on the boards of Transurban Group Limited, Just Group Limited and MBF Australia Limited. She also manages her own consulting and advisory practice and information technology company, and serves on the Victorian Government’s advisory panel for small technologies.
Previously Ms Oliver was Managing Director of the Australian Commission for the Future and the Center for International Research in Communication and Information Technology Ltd and was a senior manager for Andersen Consulting (Australia) -now Accenture, and led the technology strategy group for Invetech Pty Ltd. She has also held senior positions in the Victorian public service and in her advisory roles developed government policies in innovation, arts and technology.
Ms Oliver holds a Bachelor of Property & Construction from Melbourne University and is a Fellow of the Australian Institute of Company Directors.
Coffey Chairman, Mr Stephen Williams, said that, on behalf of Coffey shareholders, he welcomed Susan to the Board of Coffey.
“Ms Oliver’s appointment to the Coffey Board continues the Board renewal and succession planning programme commenced last year, and supports our ongoing commitment to increase diversity throughout Coffey.
“Susan brings a depth of corporate experience in strategy, technology and risk management and knowledge spanning a range of sectors. The Board looks forward to her contribution as an independent Non-executive Director.”
Investor contact:
Roger Olds, Managing Director
T: +61 3 9473 1300
Media contact:
Diana Krause, Global Manager External Communication, Coffey International Limited
T: +61 3 9473 1300; M: +61 420 959 942; E: diana_krause@coffey.com
