Join our daily newsletter At The Bell to receive exclusive market insights
- AJ Lucas Group (AJL) has appointed Andrew Purcell as Chairman
- He replaces Phillip Arnall, who will retire from the role at the end of this month
- Andrew has been a non-executive director for the company since 2014, but also serves as the Chairman of ASX-listed Melbana Energy
- He’s been an engineer in the past and has experience in the oil and gas, engineering, resource and infrastructure sectors
- In light of the news, AJ Lucas Group shares closed 12 per cent higher today at 2.8 cents
AJ Lucas Group (AJL) has appointed Andrew Purcell as Chairman. He’ll replace Phillip Arnall, who is retiring from the board.
Andrew has been a non-executive director for the company since 2014, but he also serves as the Chairman of ASX-listed Melbana Energy.
He will step into the role on September 1, following Phillip’s retirement on August 31.
An engineer by background, Andrew has experience in the oil and gas, engineering, resource and infrastructure sectors.
In its announcement to the market, the company said Andrew “had a distinguished career in investment banking, working with Macquarie Bank and Credit Suisse.”
Outgoing chairman Phillip Arnall joined AJ Lucas in 2010 as a non-executive director and stepped up to the Chairman’s role in late 2013.
Now, AJ Lucas’ board of directors have thanked Phillip for his “years of dedication and contribution,” wishing him well on his future endeavours.
Following Andrew’s appointment, the company’s audit and risk committee will include John O’Neil as chair, along with Austen Perrin and Julian Ball.
In addition, the human resources and nominations committee will be made up of Julian Ball as chair, along with Austen Perrin and John O’Neil.
In light of the news, AJ Lucas Group shares closed 12 per cent higher today at 2.8 cents.
