News Articles for Richard Spencer

Richard Marles found out the US greenlit South Korean companies to build submarines on US soil via a Trump social media post, as an update on Hanwha's bid to increase its Austal stake continues to be delayed.

Anxiety over the protracted Foreign Investment Review Board decision on Hanwha Group's proposed increased stake in Austal was central to shareholder concerns at the shipbuilder's AGM today.

Takeover target Austal's founder John Rothwell has resigned from the board of the shipbuilder he built after 38 years, as a call looms on Hanwha's pursuit of a major stake.

Former Water Corporation boss Susan Murphy has been appointed as a director of Henderson-based shipbuilder, Austal.

Austal has disputed a claim by South Korea's Hanwha Group that it has cleared a key regulatory hurdle for a bid for the Perth-based shipbuilder.

Andrew and Nicola Forrest's Tattarang has nominated former Credit Suisse Australia chief executive Richard Gibb to join the board of Henderson defence shipbuilder Austal.

Perth company Austal is part of a major effort to revive naval shipbuilding in the US.

Austal chairman Richard Spencer says he does not believe Hanwha can add value to the Perth-based shipbuilder but nonetheless has agreed to meet with the South Korean company next week.

ANALYSIS: The new chair of defence shipbuilder Austal, Richard V Spencer, has a résumé tailor-made for capitalising on Aukus opportunities.

Today's board moves wrap includes John Rothwell, Richard Spencer, Lincoln Liu, Mauro Piccini, Troy Flannery, Trevor Raman, Tino Kapfumo, David Rich, Mark Miocevich and Amit Kamlesh Kumar Mehta.