Former Skilled Group boss Angus McKay has been named chief executive of convenience store chain 7-Eleven, replacing Warren Wilmot who resigned from the role last September after revelations of franchise staff being underpaid.
Programmed Maintenance Services' $424 million takeover of its larger competitor Skilled Group is a step closer to fruition, after Skilled shareholders voted in favour of the scheme of arrangement today.
Programmed Maintenance Services' six-month pursuit of its larger competitor, Skilled Group, has paid off, with the Melbourne-based company backing a $424 million takeover offer.
Perth-based Programmed Maintenance Services is set to strike a long-awaited takeover deal with labour hire company Skilled Group, with both companies entering into trading halts this morning ahead of a formal announcement.
Australia's biggest workforce provider, Skilled Group, has rejected a takeover offer from rival Programmed Maintenance Services, saying it undervalues the company.
Angus McKay will begin his new role as Skilled Group's chief executive and managing director today, more than two weeks earlier than his original start date, to review a merger proposal by Programmed Maintenance Services.
