BGC appoints CFO and board members

BGC Group has appointed Alan Tate as chief financial officer, following the retirement of Andrew Teo as group CFO after 35 years of service.

Tate has previously held senior leadership positions including CFO at Iluka Resources, EMR Golden Grove and Jabiru Metals. He has also held strategic and commercial roles at BHP Billiton and WMC Resources.

Company director Sam Buckeridge said Tate’s 25 years of career would bring a wealth of experience to the group.

“We are very pleased to have Alan join the team and look forward to benefiting from his strategic, commercial and financial leadership,” Buckeridge said.

“The group has a strong pipeline of long-term work, and is well placed to benefit from improving conditions in the resources, construction and property sectors.

“Alan will play a critical role in ensuring the group maintains its strong financial performance and achieves operating efficiencies across its diverse range of divisions.”

Further, three independent non-executive directors — Neil Hamilton, Jennifer Seabrook and Matthew Bungey — have commenced their roles after being added to BGC’s board.

Buckeridge said, “Collectively, our new directors bring a wealth of corporate experience, including impeccable credentials in major corporate transactions and the construction, resources, manufacturing, property and finance industries.”

The board is expected to announce Neil Hamilton as chair at its next meeting.

Hamilton said, “The BGC group boasts an incredibly diverse range of successful and vertically integrated companies and businesses, which operate across a number of key sectors in the Australian economy.

“From residential and commercial building to the manufacture of construction products and the delivery of contract mining services, the group has significant and highly valuable assets, which will no doubt attract strong interest in the market.”

BGC is a major mining services provider of mineral processing, drill and blast, and load and haul services. The company has won mining contracts from BHP Billiton Nickel West at the Rocky’s Reward project in the Kalgoorlie; Mt Gibson at the Koolan Island project in Yampi Sound; and Atlas Iron at the Mt Webber project in the Pilbara.

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