News: UGL corporate review

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UGL Limited (ASX:UGL) is set for a shake-up, after announcing a company  wide review. 



Chief executive Richard Leupen will oversee the review process and be tasked with implementing any recommendations.



In a statement, UGL said significant growth in its property business, which now generates half of the company’s earnings, prompted the action.



Management is not immune from the review.



If, when complete, the review calls for a change to the current corporate structure, the board of directors says Richard Leupen will continue in his role,  for a short time, beyond his contract end date of March 2014, to complete the work. 



UGL ( ASX:UGL) last recorded a $28 million net profit to Dec 31.