David Greig named CEO and Managing Director of MACA (ASX:MLD) – The Market Herald

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  • MACA (MLD) appoints current Chief Development Officer David Greig as new CEO and Managing Director, effective July 22
  • This follows current CEO and MD Mike Sutton’s decision to advance his retirement plans and spend more time with his family.
  • According to the company, Mr. Greig is a highly experienced mining and resources executive and has been an employee of MACA since June 2016, serving in the roles of Managing Director of Business Development and Chief Operating Officer.
  • As part of his compensation package, Mr. Greig will receive a salary of $660,792, including a pension and short and long-term incentives
  • MACA shares are down 2.05%, trading at 71.5 cents at market close

MACA (MLD) has appointed current Chief Development Officer David Greig as its new CEO and Managing Director, effective July 22.

This followed after current CEO and MD Mike Sutton decided to bring forward his retirement plans and spend more time with his family.

Mr. Sutton will remain at MACA for a period of time to ensure a smooth transition.

According to the company, Mr. Greig is a highly experienced mining and resources executive and has been an employee of MACA since June 2016.

Prior to his current appointment at MACA, he previously served as Managing Director of Business Development and Chief Operating Officer within the company.

He holds a Bachelor of Commerce degree and has over 20 years of experience in
international mining, construction and infrastructure industries, including six years at
Emeco Holdings (EHL).

Chairman Geoff Baker thanked Mr. Sutton for his significant contribution to the company on behalf of the Board of Directors.

“Mike has been instrumental in restructuring the MACA business to take advantage of the significant growth through the successful acquisition of the Open Cut West business in 2021, and the subsequent seamless integration into the business. MACA,” he said.

Commenting on Mr. Greig’s nomination, Mr. Baker said he was selected because of his demonstrated past performance, strong leadership skills and work ethic, alignment of cultural values ​​with MACA , his outstanding relationships with our customers, and his clear understanding and vision for the future of our business.

As part of his compensation package, Mr. Greig will receive a salary of $660,792, including a retirement pension and short-term and long-term incentives.

MACA shares were down 2.05%, trading at 71.5 cents at market close.

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