UGL board shuffle continue with chairman change

Company News

Only weeks after appointing a new CEO UGL Limited (ASX:UGL) has announced its chairman will retire following the company’s annual general meeting. 
The engineering company says Trevor Rowe will step down at the end of the meeting on the October 30, 2014 following 11 years in the job.  
UGL’s board has decided to appoint Kate Spargo as his replacement who was appointed to the company’s board in 2010. 
The news comes less than a month after UGL appointed Ross Taylor to take the reins from current CEO Richard Leupen on November 24.
UGL reported a net profit of $31.3 million in the first half of the 2014 financial year.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.