CARDNO SHAKEUP

CARDNO SHAKEUP
CARDNO (ASX: CDD) has had a board shakeup today, with CEO and managing director Michael Renshaw announcing his resignation, effective immediately.

The current CFO, Graham Yerbury, has been appointed acting CEO while the company conducts a global search for a successor.

CDD chairman John Marlay thanked Renshaw (pictured) for his 10 months serving as CEO and service to CDD since 2003. Renshaw has more than 30-years of experience in finance, reporting and accounting, two thirds with multi-national mining and oil and gas companies.

"The board and Michael have mutually agreed on this decision," says Marlay.

"The board is determined to recruit a new CEO with strong leadership competencies and track record to lead Cardno."

Marlay says Yerbury will be assisted by Paul Gardiner, President Americas, on significant operational decisions in the interim.

CDD's share price has dropped 15.5 per cent since the news this afternoon to $2.90 per share.

Get our daily business news

Sign up to our free email news updates.

 
Unpacking equity: Finding your funding fit
Partner Content
Armed with a growing business and a great opportunity, a business owner’s next challe...
Australian Business Growth Fund
Advertisement

Related Stories

Big-name retailers among buyers interested in scooping up Godfreys Group

Big-name retailers among buyers interested in scooping up Godfreys Group

Buyers have begun circling embattled vacuum cleaner retailer G...

More tradies chasing fewer jobs drives Hipages to $3.7m profit

More tradies chasing fewer jobs drives Hipages to $3.7m profit

More tradies competing for fewer jobs has propelled online tradie m...

Universal Store profit up 17pc on productivity gains despite inflationary pressure

Universal Store profit up 17pc on productivity gains despite inflationary pressure

Now with 100 stores to its name across several brands, Universal St...

Scentre Group retailers post record sales in 2023 as foot traffic spikes

Scentre Group retailers post record sales in 2023 as foot traffic spikes

A sharp increase in foot traffic at Scentre Group’s (ASX: SCG...