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Simonds Group Limited (ASX:SIO)

ALERT: Price-sensitive ASX Announcement for SIO
Current share price for SIO : $0.150 -0.02 (-11.76%)+
Announcement
Release
11 Apr 2025 9:09AM
Price at Release
$0.170
Full Release
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Summary
Simonds Group Limited has announced significant changes to its Board of Directors and senior executive team. David McKeown has stepped down as CEO, with Rhett Simonds appointed as his successor while also retaining his role as Executive Chair. Additionally, Andrew Bloore has been appointed Deputy Chair, Mark Simonds as Executive Director for Design, Procurement, and Construction, and Piers O’Brien as Chair of the Nomination & Remuneration Committee. The company also announced the resignation of director David Denny. The leadership changes reflect a strategic move towards growth following the acquisition of Dennis Family Homes.
Key Points
  • David McKeown stepped down as CEO with immediate effect.
  • Rhett Simonds appointed as new CEO and will remain Executive Chair.
  • Andrew Bloore appointed Deputy Chair of the Board.
  • Mark Simonds becomes Executive Director for Design, Procurement, and Construction.
  • Piers O’Brien appointed Chair of the Nomination & Remuneration Committee.
  • David Denny resigned as director.
  • The changes are part of a strategic growth plan following the acquisition of Dennis Family Homes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.