CARDNO CALLS OFF CEO SEARCH
Written on the 28 May 2015
CARDNO Limited (ASX:CDD) has secured former GHD Group director Richard Wankmuller as CEO and managing director.
After an extensive recruitment search, Wankmuller will take the helm of the infrastructure services company from June 29.
He has more than 30 years' international experience in professional engineering services, including time as President of GHD Americas and manager at Parsons Corporation.
Cardno has encountered a number of senior management reshuffles, following the departure of longtime boss Andrew Buckley early last year.
He was succeeded by general manager Michael Renshaw who resigned in January. Cardno CFO Graham Yerbury was appointed in a caretaker capacity until a replacement was found.
Wankmuller says he is looking forward to a new challenge and boosting the profitability of the company.
"Cardno has a strong market position in its chosen sectors of environmental and infrastructure," Wankmuller says.
"I have been impressed with the leadership team, the capabilities within the business and the opportunities already being pursued to drive enhanced profitability.
"I am confident of our ability to work our way through the current challenges and realise the potential of Cardno."
Wankmuller was instrumental in the merger of GHD Group and Conestoga-Rovers & Associates last year, creating an 8500-strong consulting group.
Chairman John Marlay says the board was impressed with Wankmuller's expertise and track record growing professional services businesses.
"We believe he will be a strong contributor and business leader for Cardno," Marlay says.
"Richard is a disciplined leader, focuses on priorities and performance within the business, and demonstrates a deep understanding of client service delivery.
"We extend our thanks to Graham Yerbury for the strong leadership and tireless endeavour that he has demonstrated since taking over as acting CEO in January.
"The team has achieved much in difficult circumstances under his guidance and we are confident they will provide a strong support to Richard as he joins Cardno."