Dynamic Group (ASX:DDB) appoints Geoff Newman as CEO

• Dynamic Group (DDB) appoints Geoff Newman as its group CEO, effective from March 2023
• Mr Newman has 22 years of experience in the contracting and mining services sector operating at an executive level in numerous companies
• The company believes he has the proven capability to hold financial and operational accountability for large and complex contracting and mining services businesses
• His remuneration package includes a $310,000 salary plus superannuation
• Shares in Dynamic are down 3.51 per cent, trading at 27.5 cents at 1:27 pm AEDT

Dynamic Group (DDB) has appointed Geoff Newman as its group CEO, effective from March 2023.

With 22 years of experience in the contracting and mining services sector, Mr Newman has operated at an executive level in numerous companies.

He has held several international and national appointments and has relevant executive positions through growth phases driven organically and via acquisition.

Prior to his appointment, at Dynamic Group Mr Newman was General Manager of International Operations at Emeco, the “world’s largest” independent mining equipment rental companies since 2016.

The company believes Mr Newman has the proven capability to hold financial and operational accountability for large and complex contracting and mining services businesses.

“Geoff’s decision to join the Dynamic Group is pleasing as he has recognised the potential for significant value to be enabled through the application of his experience, capabilities, and enthusiasm to the group,” DDB Chair Garret Dixon said.

“We welcome Geoff onboard and will be providing him support to focus on generating shareholder returns in the most efficient and effective manner. He is an exceptional addition to the team.”

Commenting on his own appointment, Mr Newman said his contracting background provides the platform for him to draw on previous experience to focus on optimising Dynamic.

“I look forward to joining the team in March 2023, where we can work together to optimise operations, identify growth opportunities and the development of strategic plans.”

His remuneration package includes a $310,000 salary, plus superannuation.

Shares in Dynamic were down 3.51 per cent, trading at 27.5 cents at 1:27 pm AEDT.