- Engineering company LogiCamms (LCM) has shaken up its board after CEO Chris O’Neill gave his notice of resignation
- Since he became CEO in November 2018, Chris has worked hard to turn around the performance of the company which culminated in the release of positive FY20 results
- As a result of Chris’ resignation, Linton Burns has been appointed CEO and Managing Director
- Linton was previously Executive Director of Transition, a role which saw him manage the integration of the merge with OSD and LogiCamms management systems
- Finally, Executive Director Brian O’Sullivan will become Non-Executive Director
- He will also serve as Development Advisor, a role in which he will pursue special projects and development opportunities to ensure the company delivers long-term operational and commercial growth
- LogiCamms has ended the day with no change with shares trading for 15.5 cents each
Engineering company LogiCamms (LCM) has shaken up its board after CEO Chris O’Neill gave his notice of resignation.
Since he became CEO in November 2018, Chris has worked hard to turn around the performance of the company which culminated in the release of positive FY20 results.
Due to the personal reasons surrounding Chris’ resignation, LogiCamms has waived the normal notice period and Chris will spend the week facilitating a handover.
“I first got the opportunity to work closely with Chris when I took over the role of Chair at the end of February, and in the time since, I have grown to respect his tenacity, good cheer and determination to build customer goodwill and satisfaction while also seeking to restore shareholder value,” Chairman Phillip Campbell said.
As a result of Chris’ resignation, Linton Burns has been appointed CEO and Managing Director.
Linton was previously Executive Director of Transition, a role which saw him manage the integration of the merge with OSD and LogiCamms management systems.
Prior to this role he was Managing Director of OSD where he delivered increased revenue growth of 40 per cent and earnings growth of 200 per cent across the four years he was in the role.
“I am privileged to be given the opportunity to lead LogiCamms, and the success of the merger to date places the company in a strong position to pursue a number of growth opportunities,” Linton said.
“Having the opportunity to execute on the potential I saw when initiating the merger is very exciting and I look forward to getting to work,” he added.
Finally, Executive Director Brian O’Sullivan will become Non-Executive Director.
He will also serve as Development Advisor, a role in which he will pursue special projects and development opportunities to ensure LogiCamms delivers long-term operational and commercial growth.
“I am looking forward to taking a step back from day-to-day executive management and I am passionate about spending more time developing major opportunities for LogiCamms to reach the next phase of its growth strategy,” Brian commented.
LogiCamms believes these changes will accelerate long term growth and drive the next phase of development.
LogiCamms has ended the day with no change with shares trading for 15.5 cents each in a $31.15 million market cap.