David Housego, the Chief Financial Officer (CFO) and an executive director of WorleyParsons Limited, has given notice of his resignation so that he can take a well earned break after nearly 12 years of service to WorleyParsons.
He will remain with WorleyParsons and assist the incoming CFO until mid May 2011. David will resign as an executive director from the WorleyParsons Board after the Board meeting approving the interim results in late February 2011.
Chief Financial Officer
David joined Worley in July 1999 as CFO and was elected an executive director of Worley Group Limited (the former name for WorleyParsons) in October 2002. David has been responsible for all the financial aspects of WorleyParsons’ development since 1999, including the initial public offering (IPO) in 2002, the acquisition of Parsons E&C in 2004 and the Colt Group of Companies in 2007.
John Grill, Chief Executive Officer, said “David’s contribution has been fundamental in helping develop us from the unlisted public company we were when he joined WorleyParsons to the global company we are today. Reputation is paramount for professional service companies such as ours and David has been the leader in growing our reputation in the financial markets.”
Ron McNeilly, Chairman, said “David has been a valuable member of the WorleyParsons Board and, as CFO, has ably managed the financial aspects of the IPO, two significant capital raisings and the financial management and reporting and investor relations of the company through a period of strong growth followed by the challenges of the global financial crisis.
The Board and management thank David for his contribution to WorleyParsons and wish him well in his future career.”
Andrew Wood, WorleyParsons’ Managing Director Australia and New Zealand, will be appointed to the role of CFO. Andrew has been at WorleyParsons since 1994 and has held many leadership roles. They include heading Mergers and Acquisitions, in particular Parsons E&C and Colt, and before that responsibility for our initial establishment in the Middle East.
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Source: WorleyParsons, January 21, 2011;