https://www.miningweekly.com
Africa|Aveng|Business|Construction|Cummins|Moolmans
Africa|Aveng|Business|Construction|Cummins|Moolmans
africa|aveng|business|construction|cummins|moolmans

Aveng shifts 'epicentre' to Melbourne as it names Cummins as new CEO

Scott Cummins

Sean Flanagan will retire as CEO with effect from March 1, 2024.

Photo by Creamer Media

22nd November 2023

By: Terence Creamer

Creamer Media Editor

     

Font size: - +

The locus of JSE-listed construction group Aveng is set to shift to Australia following the appointment of Scott Cummins, who currently leads McConnell Dowell, to succeed Sean Flanagan as CEO, as well as the impending relocation of CFO Adrian Macartney to Melbourne.

Flanagan, who was a nonexecutive director when appointed CEO in 2019, will retire as CEO with effect from March 1, 2024, and resume the role of nonexecutive board member.

“In line with our longer-term strategy to move the epicentre of the group to Australia and to support Scott, Adrian will relocate from Johannesburg, South Africa and be based in our Melbourne, Australia office from January 2024,” Aveng said in a statement.

However, Aveng says it is not moving headquarters to Melbourne and that its corporate office will continue to reside in Johannesburg.

"We simply have executives primarily located where the bulk of the business is located."

Macartney said his relocation to Australia had been planned for some time and was consistent with the group’s longer-term strategy to seek an international listing “in a market that best recognises the value of our assets”.

Flanagan oversaw a major restructuring of the group, including the disposal of various businesses, such as Grinaker-LTA, which resulted in Aveng retaining only McConnell Dowell and Moolmans as core business.

Cummins, who has 38 years industry experience, has been McConnell Dowell CE and a member of the Aveng executive committee since 2015.

He is a civil engineer, with a B.Eng, 1st class honours degree from Monash University in Melbourne, Australia and holds an MBA from Strathclyde University in Glasgow, Scotland.

Cummins has also previously served as the vice president of the Australian Constructors Association.

 

Edited by Creamer Media Reporter

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.121 0.164s - 94pq - 3rq
1:
1: United States
Subscribe Now
2: United States
2: