McAleese loses its Top Managers

Garaty and Nunn go as Rowsthorn and Telford assume roles of CEO and chairman respectively

ATN reported the following on 28th March:

McAleese Group CEO Paul Garaty and CFO Chris Nunn are to leave the firm.

The move follows a management review.

Don Telford, currently an independent Non-Executive Director, will become Chairman, with Wayne Kent to remain as the Independent Non-Executive Deputy Chairman.

Current Interim Executive Chairman Mark Rowsthorn assumes the role of full time Managing Director and CEO.

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

“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.”

Garaty will remain for an interim period to assist with the restructuring of the Cootes Transport business and the implementation of proposed improvements in that business agreed with NSW Roads and Maritime Services following the fuel tanker tragedy at Mona Vale last October.

Former GWA Group and CSR Ltd CFO Warren Saxelby replaces Nunn from April 8.

“Warren is a seasoned CFO with a sound track record in the listed environment and expertise in building and mentoring teams, and driving required change,” Rowsthorn says, after noting that Nunn had been integral to the firm’s listing process and the restructuring of its debt facilities.

Amidst the management losses, however, the company was able to announce the renewal of a haulage agreement with Norton Gold Fields.

The new four-year contract, which has a total value of about $65 million, starts on April 2.

The contract relates to loading and hauling of about 3.6 million tonnes a year of gold ore and includes provision road maintenance.

“We are pleased to have reaffirmed our long standing partnership with Norton Gold Fields by successfully retendering for their Kalgoorlie Goldfields work,” Rowsthorn says.

“Cornerstone to the successful proposal from McAleese Resources has been its commitment to safe and innovative operations.

“To complement its existing fleet of maxi quad road trains first introduced in 2012 and to deliver even greater haulage capacity, McAleese Resources will invest in additional quad road trains that utilise eight-wheel drive prime movers coupled with larger capacity quad trailers.

“McAleese has also introduced several key safety and operational system improvements across the Resources business. These have included the introduction IVMS (In Vehicle Monitoring Systems) and EBS [Electronic Brake Safety Systems] in all of its trailing equipment.

“We will continue to deliver safe and innovative customer service solutions across our Goldfields haulage operations into the future.”