UGL Limited
(ASX:UGL) has appointed Russell Waugh as CEO of its engineering business.
Mr Waugh takes the helm as the company moves into its demerger phase and targets Asia as its key strategic growth area.
The news comes after UGL announced it would be looking to buy smaller engineering companies as part of its strategy to rebuild the company after announcing the spin-off of its property services arm DTZ.
Chief executive Richard Leupen says under Mr Waugh’s leadership, the engineering arm will emerge as a market leader with revenue in excess of $2.3 billion along with 8,000 people operating across six countries.
UGL generated a net profit of $41.7 million in fiscal 2013.
