Downer EDI Limited (Downer) today announced the immediate retirement of Mark Chellew from his role as Independent Non-executive Director and Chairman.
Mark Menhinnitt, Deputy Chairman, has been appointed as Acting Chairman.
The Board thanked Mr Chellew for his leadership and wished him the best for the future.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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