UGL looks offshore for director

Company News

Engineering services company UGL Ltd (ASX:UGL) says it is considering candidates offshore as well as locally as the company progresses its board renewal program.

Chairman Trevor Rowe says as the company continues its expansion into international markets such as North America, Asia and the Middle East, it is essential that it identifies suitably experienced leaders that have exposure in these markets.

Continuing, Mr Rowe says diversity at board and management level across gender, age, ethnicity and cultural background is also a focus.

Mr Rowe says the company expects to add another director to the board over the next 12 months.

The UGL board is nominating Kate Spargo for election as a director at the company’s upcoming 2010 annual general meeting.

Ms Spargo, has experience as a director of both listed and unlisted companies including Pacific Hydro, SMEC Holdings and the Australian Energy Market Operator.

UGL booked a profit of $142.48 million for the 2009 financial year.

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