Engineering and construction company UGL Ltd
(ASX:UGL) has appointed Robert Bonaccorso as Chief Financial Officer, effective immediately.
The company says this appointment is the result of an agreed separation between the company and Phil Mirams.
Mr Bonaccorso has held the position of Group General Manager of Finance at UGL for the past three years and was previously finance director for Chubb Security Australia part of the US based United Technologies Corp.
UGL also says it expects to maintain its previously stated earnings guidance for fiscal 2010, with earnings significantly weighted in the second half of the year.
CEO Richard Leupen says the company has noticed a significant pickup in activity within the resources sector, the infrastructure sector and an encouraging turnaround in the trading outlook in the US property services sector.
Mr Leupen says the consequences of these improved market conditions provide a more positive outlook for the business returning to growth in 2011 and beyond.
UGL earned $142.48 million in fiscal 2009.
