McAleese announces management restructure and renews mining contract

The McAleese Group has announced a number of changes to its management structure, while successfully renewing its contract with Norton Gold Fields in Western Australia.

According to the McAleese Group, Don Telford, current Independent Non-Executive Director, will assume the role of Chairmanship, with Wayne Kent to remain as the Independent Non-Executive Deputy Chairman.

Current Interim Executive Chairman, Mark Rowsthorn, will immediately assume the role of full-time Managing Director and Chief Executive Officer, while Paul Garaty, current CEO of the McAleese Group, will leave the company after resigning as a director. Garaty will remain for an interim period to assist with the restructuring of the company’s Cootes Transport business.

“The changes we have announced follow the endorsement received from the NSW Roads and Maritime Services for the restructuring of the Cootes Transport business and its maintenance and safety procedures,” Rowsthorn said.

“Paul Garaty has made a significant contribution to this process, one that should not be underestimated, and on behalf of the Board and management I would like to like to recognise his efforts in this regard.”

Meanwhile, McAleese also announced that its wholly owned subsidiary McAleese Resources Pty Ltd has successfully retained the Norton Gold Fields Ltd haulage contract after a competitive tender process.

The new four year contract, valued at approximately $65 million, will commence on 2 April 2014.

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