UGL have announced that newly appointed UGL Engineering CEO Russell Waugh will step down from the role, less than a month after being appointed.
According to the company "UGL and Russell Waugh have mutually agreed that Mr. Waugh will step down as CEO of UGL's Engineering business, with immediate effect".
Richard Leupen, UGL's CEO, explained that"in order to protect the best interested of UGL's clients and key stakeholders we have mutually agreed that the most appropriate outcome is for Russell to step down in order to privately defend the allegations being made against him".
"This decision is not reflective of any view held by UGL on the allegations made against Russell Waugh during his tenure with Leighton"
"UGL is proud of its strong reputation which is underpinned by an absolute commitment to integrity, honesty, and trust;we believe that these values are some of the most important assets the company holds and must be protected at all costs," it stated.
"We will not allow any events to compromise our commitment to the highest standards of integrity."
Waugh officially stepped into the role as head of UGL's Engineering business after the company split its operations in two divisions.
He has only been working in the role since 20 September.
Following the removal of Waugh, the current Engineering division's COO Michael Wandmaker, will lead the business until anew CEO is found.