- PARKD (PKD) Chief Executive Officer, Chief Financial Officer and Co-Company Secretary, Leonard Troncone, has resigned
- Leonard says he has resigned to pursue other interests
- He consented to waive his right to a six months notice period to save the company’s costs
- Peter McUtchen will assume the role as CEO, moving forward
- Peter is one of the company’s co-founders, current Executive Director and Chief Executive Officer
- On market close, for the weekend, PARKD is up 4.55 per cent and is trading for 2.3 cents per share
PARKD (PKD) Chief Executive Officer, Chief Financial Officer and Co-Company
Secretary, Leonard Troncone, has resigned to pursue other interests.
Leonard consented to waive his right to a six months notice period to save the company’s costs, which PARKED gratefully accepted.
Peter McUtchen will assume the role as CEO, moving forward. He is one of the company’s co-founders, current Executive Director and Chief Executive Officer.
Non-Executive Chairman, Bronte Howson, said Lenard provided strong and valuable leadership during challenging and uncertain times.
“His management of the company’s resources and implementation of austerity measures will maximise our ability to execute contracts with the remaining funds available,” Bronte said.
“On behalf of the Board, I would like to thank Leonard for his contribution to PARKD during his time in the position and I would like to wish him well in his future endeavours,” he said.
PARKD is an Australian construction technology company that created an innovation modular, multi-storey car park structure – called the PARKED Car Park System.
The modular aspect of the system and the structural weight provides the ability to relocate the car park or adapt it to parking demands by adding or subtracting the structural levels.
On market close, for the weekend, PARKD is up 4.55 per cent and is trading for 2.3 cents per share.