Resignation of Peter Goode and appointment of interim MD/CEO

  • Managing Director and CEO Dr Peter Goode to resign, effective 30 September

  • Graeme Hunt to be appointed Interim Managing Director and CEO

  • Commencement of a search process for a permanent Managing Director and CEO

The Board of Transfield Services announces the resignation of Managing Director and Chief Executive Officer, Dr Peter Goode, effective 30 September 2012. Mr Graeme Hunt, presently a non‐executive director, will be appointed as Interim Managing Director and Chief Executive on that date.

Transfield Services’ Chairman, Tony Shepherd AO said: “an international search process for a permanent Managing Director and CEO has commenced.”

Dr Goode has agreed with the Board to work out his notice period, supporting Graeme, and ultimately Peter’s successor in ensuring a smooth transition. It is understood that Dr Goode will commence as a Partner with private equity firm, Arle Capital Partners, from October onwards.

Mr Shepherd continued: “Peter has successfully led Transfield Services through a period of significant change. Over the past three and a half years, he has designed and directed a strategy that has seen Transfield Services expand into key growth sectors.

“Peter has implemented a number of important strategic initiatives, including the sale of USM and expanding our presence in the oil and gas sector through the acquisition of Easternwell, which has repositioned our company and which will continue to drive our long‐term growth objectives.”

“On behalf of the Board, I want to sincerely thank Peter for his hard work and wish him well in his future endeavours.”

Commenting on Mr Hunt’s appointment as Interim Managing Director and CEO, Mr Shepherd said: “We are pleased that Graeme has agreed to take on the interim role to focus on driving operational performance and maintaining momentum across the business while we undertake the search.

“Graeme has a deep understanding of the industry, with over 37 years of experience across the metals, mining and bulk transport sectors. He has a strong track record of delivering shareholder value through performance improvement and organic growth in globally competitive industries.”

Notes to Editor

Graeme Hunt’s Senior Professional Experience

Transfield Services Ltd
Non Executive Director (May 2012 – current)

AGL Energy Ltd
Non Executive Director (effective 1 September 2012)

Lihir Gold Ltd
Managing Director & Chief Executive Officer (April 2010‐September 2010)

BHP Billiton Ltd
President Uranium & Olympic Dam Development (July 2007 – March 2009)
President Aluminium (April 2006 – July 2007)
President Iron Ore (October 1999 – March 2006)
Vice‐President Portfolio Restructure Strategy BHP Corporate (January 1999 – October 1999)
Senior Vice President & Group General Manager Manganese (1995 – 1998)

Professional Overview

Mr Hunt has more than 37 years’ experience in the metals, mining and bulk transport sectors, having recently been Chief Executive Officer and Managing Director of Lihir Gold.

Prior to this, he had a 34 year career with BHP Billiton during which he held President level positions with global accountability for the Iron Ore, Uranium, Aluminium and Manganese divisions. He also held senior positions in the company’s Coal and Steel divisions.

He has been President of the Australian Uranium Association, The Australian Mining and Metals Association and the International Manganese Institute, and served as Deputy Chair of the Minerals Council of Australia and as a director of the International Aluminium Institute and the World Energy Council Australia.

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Transfield Services employs over 19,000 people across 18 industries and 10 countries. We are a global provider of operations, maintenance and construction services to the Resources, Energy, Industrial, Infrastructure, Property and Defence sectors.
We deliver asset management services across all phases of the asset lifecycle, from concept and creation, to services that sustain, optimise and enhance our Client’s assets. With diverse global experience and expertise, we share our knowledge and challenge thinking to develop and implement innovative solutions that deliver real value for our Clients. Our unique approach enables us to deliver continuous improvements in asset performance and sustain long term relationships with our Clients and partners.