Aug 22 (Reuters) - MSL Solutions Ltd (MPW) :
- CURRENT CHAIRMAN JOHN DOWN, WILL RETIRE AT END OF AUGUST 2019
- TONY TOOHEY APPOINTED AS EXECUTIVE DIRECTOR & CHAIRMAN
- CEO & MD CRAIG KINROSS TRANSITIONS TO NEW ROLE AS DIRECTOR OF STRATEGY TARGETING KEY STRATEGIC GROWTH OPPORTUNITIES FOR GROUP
- PAT HOWARD JOINS AS COMPANY'S NEW CEO
- SEES $5M TO $6M DECREASE IN HEADCOUNT COSTS AND OTHER OPERATIONS FY20
- RESTRUCTURING COSTS RELATED TO HEADCOUNT REDUCTION ARE ESTIMATED AT $0.9M TO $1.2M, INCURRED DURING FY20
- EXPECTS TO INCUR AN IMPAIRMENT CHARGE OF BETWEEN $10M TO $12M OF GOODWILL IN FY19 FINANCIAL STATEMENTS
- WILL REDUCE ITS CAPITALISATION OF SOFTWARE DEVELOPMENT COSTS FOR FY19 FROM $2.1M TO $0.45M
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