Southern Cross Electrical Engineering has recruited NRW Holdings chief operating officer, Graeme Dunn, to lead the company as its new managing director.
NRW Holdings chairman Ian Burston has announced plans to step down, while also announcing a remuneration review that will include chief executive Julian Pemberton, whose annual pay is substantially higher than his peers.
Southern Cross Electrical Engineering shares jumped nearly 13 per cent today to their highest price since March, after the company announced an annual loss but maintained its dividend and was cautiously positive about its outlook.
Former GMP Securities managing director Karl Paganin has joined the board of Southern Cross Electrical Engineering, after half of the company's board walked out last month.
Half of the board of Southern Cross Electrical Engineering has walked off the job, including chairman John Cooper, after it flagged a change in direction, a number of redundancies and cost-saving initiatives in response to the tough climate for local contractors.
WA engineering and construction company Clough Ltd has appointed its third chief executive in less than seven months, with John Smith due to take over from John Cooper on August 1, the company has announced.
Newly appointed Clough managing director John Cooper is planning to sharpen the engineering and construction group's focus as it seeks to reverse a string of losses.
South African company Murray & Roberts Ltd has taken firm control of local engineering and construction group Clough Limited by replacing chief executive David Singleton with its own nominee.
