Commander Communications Limited (ASX: CDR) today announced the appointment of Ms Amanda Lacaze as Managing Director and CEO from 7 January 2008.
Ms Lacaze succeeds Mr Adrian Coote who has today tendered his resignation as a director.
Mr Coote, who is currently on leave, will remain in the position of CEO until 7 January 2008. This will ensure that if necessary, the company can make use of his strong relationships with customers and suppliers in order to effect a smooth leadership transition.
Ms Lacaze will immediately assume the role of Acting CEO.
Ms Lacaze has been appointed to the Commander Board as an executive director and Mr Shane Allan, has been appointed as a non-executive director. Both appointments are effective as of today. Short biographies for each of the new directors are included at the end of this announcement.
Commander Chairman, Elizabeth Nosworthy, also said that, while the Board will continue to look at options over time to recapitalise the company, it will not be contemplating any proposals for a break-up of the core elements of the company. “With the strategic review and data room process concluded, Ms Lacaze will focus on rebuilding the business, providing outstanding service to our many customers and franchisees and maximising shareholder value.�
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CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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