- Hazer Group (HZR) appoints Glenn Corrie as its incoming Chief Executive Officer, effective from October 10
- The new Hazer role comes with a $480,000 yearly salary plus superannuation, with short term incentives of up to 50 per cent of the base salary, paid in cash and shares
- The incoming CEO replaces Managing Director Geoff Ward as part of an agreed succession plan instigated by the Hazer board
- Mr Corrie will be based at Hazer’s Perth headquarters, and will work alongside Mr Ward to support the leadership transition
- Hazer Group shares are up 5.83 per cent, trading at 63.5 cents at 12:29 pm AEST
Hazer Group (HZR) has appointed Glenn Corrie as its incoming Chief Executive Officer, effective from October 10.
Glenn Corrie brings with him over 25 years of experience as a business leader and senior executive, with substantial capital markets experience across the equity and debt markets.
Mr Corrie is currently an executive board member of Suriname’s State Oil company, Staatsolie, and was the founding Chief Executive of NEO Energy in the UK, a private equity backed full-lifecycle oil and gas start-up. He has also held senior positions with Ophir Energy PLC and Temasek Holdings.
The new Hazer role comes with a $480,000 yearly salary plus superannuation, with short term incentives of up to 50 per cent of the base salary, paid in cash and shares.
Hazer Chair Tim Goldsmith said the company is delighted to welcome a leader of Glenn’s calibre to head a strong team ahead for its next phase of growth.
The incoming CEO will replace current Managing Director Geoff Ward as part of an agreed succession plan instigated by the Hazer board.
During Geoff Ward’s four years in the top spot, he established the Woodman Point Commercial Demonstration Plant and secured a pathway to further commercial scale-up of the Hazer technology.
“On behalf of the Board, I would like to thank Geoff Ward for the journey he has taken Hazer on in establishing the platform for the future,” Tim Goldsmith said.
“Geoff has been instrumental to this success and wish him all the best in his future endeavours.”
Mr Corrie will be based at Hazer’s Perth headquarters, and will work alongside Mr Ward to support the leadership transition.
Hazer Group shares were up 5.83 per cent, trading at 63.5 cents at 12:29 pm AEST.