Macmahon has announced Sybrandt van Dyk as its new CEO, effective immediately.
The move is a step up for van Dyk, who joined the company as CFO in April last year.
He replaces previous CEO Ross Carroll, who abruptly resigned in January amidst a swathe of changes at the top.
At the time, chairman Jim Walker stated that the company was focused on “implementing cost saving measures across the business as the company navigates the current suppressed market for mining services”.
Since that time the head role has been filled by Walker, who has now stated that he looks forward to relinquishing the CEO role following this appointment, complimenting van Dyk on his work in trimming down costs at the business after it announced a $125 million dollar write-down last month.
“Since joining Macmahon Sybrandt has been instrumental in reshaping the company into the leaner, more dynamic and resilient business that it is today,” Walker said.
“Over the past 12 months Sybrandt has successfully implemented a major cost reduction program, spearheaded lengthy negotiations with our financiers, managed the disposal of excess equipment and successfully executed the sale of our Mongolian business.”
He went on to state “now our restructure is complete, the path is clear for Sybrandt to establish his own leadership style and set a new, positive direction for the business”.