- Decmil Group (DCG) appoints Rod Heale as its new Chief Executive Officer, effective from June 20
- The new appointment comes with an $850,000 annual salary, with a short-term incentive of up to 100 per cent of the total fixed remuneration, subject to key performance indicators
- Rod Heale replaces Dickie Dique, who announced his resignation earlier this month
- Meanwhile, interim CEO Vin Vassallo will continue to support Mr Heale in an executive role over the next six-month period, before transitioning back to his role as a non-executive director
- Decmil Group last traded at 10 cents on May 24
Decmil Group (DCG) has appointed Rod Heale as its new Chief Executive Officer, effective from June 20.
The new appointment comes with an $850,000 annual salary, with a short-term incentive worth up to 100 per cent of the total fixed salary, subject to key performance indicators.
Rod Heale comes from John Holland’s Australian and Asia business, where he most recently served as Chief Operating Officer. In this role, he was responsible for a business with an annual revenue of over $5 billion, approximately 70 projects and 5000 staff.
“Our search criteria had a very clear focus on operational experience in our sector combined with excellent customer relationships and Rod absolutely ticked those boxes,” Decmil Chairman Andrew Barclay said.
“We were impressed with his determination and plans to help Decmil regain the momentum it had built by winning new contracts and executing our existing work safely and efficiently.”
Mr Heale replaces Dickie Dique, who announced his resignation earlier this month, after working with the company since 2018.
Meanwhile, interim CEO Vin Vassallo will continue to support Mr Heale in an executive role over the next six-month period. Following this, he will transition back to his role as a non-executive director.
Decmil Group last traded at 10 cents on May 24.