Macmahon CFO to step into CEO & MD role

Company News

Macmahon Holdings Limited (ASX:MAH) has appointed its Chief Financial Officer to the role of Chief Executive Officer and Managing Director. 
 
The mining services company has advised Sybrandt van Dyk will step into the top job after joining the company in April last year. 
 
Since joining the company Macmahon Holdings says Mr van Dyk has implemented cost reductions and spearheaded lengthy negotiations with financiers. 
 
Mr van Dyk has also managed the disposal of excess equipment and executed the company's $US65 million sale of its Mongolian business last month.  
Macmahon Holdings booked a net loss of $112.45 million in the first half of the 2015 financial year. 

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