Downer announces key management appointments

Company News

Downer EDI Ltd (ASX:DOW) has announced the appointment of Mike Harding as Deputy Chairman from July 1, 2010.

Mr Harding is currently the Chairman of Clough Ltd (ASX:CLO) and a non-executive director of Santos Ltd (ASX:STO) and has previously held positions around the world with British Petroleum.

Downer also announced the appointment of Dr Grant Thorne to the position of non-executive director and Grant Fenn to the position of Finance Director, from July 1, 2010.

Chairman, Peter Jollie says Dr Thorne brings extensive expertise and experience in the resources sector which is a key growth area for the business.

Dr Thorne is currently a non-executive director of Rio Tinto Ltd (ASX:RIO) and his most recent assignments have been as head of Rio’s coal business in Indonesia and Australia, and as global head of its technology, innovation and project engineering functions.

Downer EDI reported net profit after tax of $189.38 million for the year to June 30, 2009.

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