australia, construction, Downer, engineering,
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Newly appointed Chief Executive Officer (CEO) and Managing Director Peter Tompkins to take over Downer in February 2023 following the retirement of Grant Fenn.
“Grant has been the driving force in reshaping this business. His commitment to our customers, people and shareholders, has been unwavering, often in testing circumstances. We wish Grant the very best for his future endeavours,” says Downer Chairman Mark Chellew.
Mr Fenn said that it had been an honour to serve as CEO of the Downer Group.
“I leave the business in good hands and look forward to watching it thrive in the transition to a low carbon economy. There are few businesses with Downer’s opportunities ahead of it,” says Grant Fenn.
Mr Fenn will retire following Downer’s Half Year results announcement on 9 February 2023 but will remain available through the calendar year 2023 to assist with the transition.
Mr Tompkins comes to the role of Downer CEO with deep knowledge of the company’s culture, strategy, markets and customers.
“Peter is an exceptional leader and candidate for the CEO role. He has extensive and detailed experience across Downer’s operations, risk management and corporate functions. It is pleasing to have appointed an internal successor after an extensive process, demonstrating the bench strength and depth of talent within the leadership team,” says Downer Chairman Mark Chellew.
Mr Tompkins joined Downer in 2008 and was appointed Group General Counsel in 2013. Following Downer’s acquisition of Spotless in 2017, he was appointed Project Director for the Royal Adelaide Hospital Public Private Partnership, and in 2018 was appointed CEO and Managing Director of Spotless Ltd (then listed on the ASX), leading the integration of Spotless into Downer. In 2021, Peter was appointed Chief Operating Officer for the Downer Group.
Mr Tompkins said Downer is a leader in each of its key markets.
“I am proud and excited to have been allowed to lead this iconic business. Downer is a great company with exceptional people passionate about what we do. My focus will be on improving project performance, profit margins and extracting value for shareholders, as highlighted in the Chairman’s 2022 AGM address,” says Peter Tompkins.
Source: © Downer Group 2022
Image source: © Downer Group 2022
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