SGX-listed Australian oil & gas construction, maintenance and fabrication firm AusGroup, has announced that Gerard Hutchinson has resigned from his role of managing director after just nine months in the role.
Hutchison replaced executive chairman & ceo Stuart Kenny, who stepped aside in May 2015 to transition to non-executive chairman of the company. No reason was given for his resignation.
Ausgroup has appointed Eng Chiaw Koon to replace Hutchison. Eng has been an executive director of AusGroup since July 2014 and takes over with immediate effect. The Singaporean is the director of special projects at Ezion Group, who are major shareholders of AusGroup.
AusGroup also announced a A$69.43m ($49.64m) second-quarter net loss off revenues of A$126.15m ($90.24m).