Ausenco CFO change

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Ausenco Limited (ASX:AAX) today advised its Chief Financial Officer, Mr Craig Allen, will leave the organisation on 1 September 2016 after 12 years with the company.

With the Scheme of Arrangement (Scheme) with Resource Capital Fund VI L.P. now progressing and the anticipated subsequent privatisation of Ausenco (subject to the Scheme’s conditions and shareholder approval), the Board had agreed Mr Allen’s tenure with the company would conclude at this time.

The Board would like to take this opportunity to express its sincere appreciation to Mr Allen for his leadership, dedication and invaluable contribution to the company during his tenure as both CFO and Company Secretary.

A global search to recruit a new CFO will commence immediately. Effective immediately Ms Linda Cochrane, currently Group Finance Manager, will take over the CFO responsibilities on an interim basis until a replacement is appointed.