UGL appoints CFO and reiterates guidance
UGL Limited (UGL) announced the appointment of Robert Bonaccorso as its new Chief Financial Officer, effective immediately. The company also said it expects to maintain its previously stated earnings guidance for FY2010 with earnings significantly weighted to the second half of the year.
UGL managing director and CEO, Richard Leupen, said the company had noted a significant increase in activity within the resources sector, the infrastructure sector and a positive turnaround in the trading outlook in the USA property services sector.
As a result, UGL said it has a more positive outlook for the business returning to growth in 2011 and beyond.
The company said the appointment of the now former Group General Manager Finance, Mr Bonaccorso, was a result of an agreed separation between the UGL and Phil Mirams.
Prior to the last three years with UGL, Mr Bonaccorso held the position of Finance Director for Chubb Security Australia and before that headed up Planning and Analysis for the Mayne Nickless Express Group, which is now part of Toll Holdings.
At the close of trade yesterday, UGL shares were trading at $12.69.
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