DEVINE ANNOUNCES NEW CEO

Written on the 19 January 2016

DEVINE ANNOUNCES NEW CEO BRISBANE property developer Devine has ushered in a new CEO.

Andrew Cooper will head the company for an initial term of three years, taking over from acting CEO Craig Bellamy, who will return to his previous position of chief financial officer.

Cooper will lead the current strategic review of Devine's business, according to a market announcement earlier today.

Cooper was previously executive director and chief operating officer of CIMIC Group's Leighton Properties, responsible for overseeing the company's residential developments and its national residential strategy.

He has more than 33 years' experience in property development and construction.

Cooper will take a pay check of $471,625 per annum, inclusive of superannuation, and a living away from home allowance of $49,020 per annum in addition to accommodation and travel assistance.

The Devine board has been further shaken up today with David Robinson, a current director, being appointed as non-executive chairman. Peter Dransfield will cease to be non-executive independent chairman and remain as an independent director and appointed chairman of the audit committee, while George Sassine has been appointed as a director.

Judith Downes, Jeff Cummings and Mark Gray have resigned from the board.



Latest News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

VOLATILE INDUSTRY CLIPS FLIGHT CENTRE'S WINGS

DESPITE achieving record sales in the first half, Flight Centre Travel Group (ASX: FLT) profit has suffered the ef...

ARDENT TAKES $95.2 MILLION HIT FROM DREAMWORLD TRAGEDY

ARDENT Leisure has taken a $95.2 million write-down on the value of its Dreamworld theme park following the tragedy t...

AGENT EXITS, LOW LISTINGS HURT MCGRATH

PROFITS have dived 72 per cent at real estate group McGrath (ASX:MEA) to $2.4 milllion on the back of low property...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter