- The Decmil Group (DCG) has appointed current Executive Director Dickie Dique as CEO, effective immediately
- Dickie will replace Scott Criddle, who will remain with the company as Executive Director
- The infrastructure giant has also provided an update on the purchase of its Homeground Gladstone accommodation village
- Homeground remains on the market, but discussions are still underway — so far, one firm offer has been received
- Decmil is currently in a trading halt and shares last traded for 20 cents each
The Decmil Group (DCG) has appointed current Executive Director Dickie Dique as CEO, effective immediately.
Dickie will replace Scott Criddle, who will remain with the company as Executive Director.
Dickie began his career with Decmil in 2004, when he worked through the ranks as General Manager for Decmil Australia, and Chief Operating Officer for Decmil Group.
From 2007 to 2011, he was involved with delivering high valued projects, up to $1.8 billion, with an average project value of $84 million.
During this time, Decmil Australia’s earnings before interest, taxes, depreciation and amortisation (EBITDA) grew from $5.3 million to $58.2 million.
Dickie was appointed as a Non-Executive Director in July 2018 and then became an Executive Director in February 2019.
“The board decided the time is right for a new CEO to continue the business turnaround. Dickie’s operating expertise will bring a particular focus on project execution, delivery and risk management,” Chairman David Saxelby stated.
“The board is confident that under Dickie’s leadership and with significant infrastructure spending in Australia over the next few years, Decmil will drive shareholder returns through an unwavering focus on profitable project delivery,” he said.
Dickie stated that he is looking forward to leading the company at such a pivotal moment.
“This is a time of great opportunity for Decmil, notwithstanding the challenges of recent months,” Dickie said.
“My approach will be to drive value for our shareholders through operational excellence right across our business,” he added.
The infrastructure giant has also provided an update regarding the purchase of its Homeground Gladstone accommodation village.
Homeground remains on the market, but discussions are still underway. So far, one firm offer has been received.
However, the falling oil prices and COVID-19 impacts, Decmil has re-assessed the value of the accommodation village to sit at $56.6 million.
Decmil is currently in a trading halt and shares last traded for 20 cents each.