The Board of Directors of Aveng today announced the appointment of Sean Flanagan as Chief Executive Officer (CEO), with effect from 1 February 2019.
Eric Diack, who was appointed interim CEO on 26 September 2017, will remain Executive Chairman for an envisaged six-month transition period, which will ensure an orderly hand-over. After this, Eric will resume his role as Aveng’s Non-Executive Chairman.
Eric Diack commented, “We are delighted with Sean’s appointment. He has been an Independent Non-Executive Board member since 1 November 2015, which makes this an ideal appointment as he already has a detailed knowledge and thorough understanding of the Group. Sean has been intimately involved in the various strategic initiatives that have been underway at Aveng over the past year. He is, therefore, already up-to-speed with our strategic imperatives and will advance the process without any delays.”
Sean has a Bachelor of Science (Building) degree. He has over 30 years of industry-specific experience derived from contract and claims negotiation, project engineering, project and construction management, implementing company strategies, leading mergers and acquisitions, trouble shooting in underperforming projects and businesses, as well as full executive responsibility for a large portfolio of businesses and major projects. He was previously with Murray & Roberts for 19 years in which time he occupied a range of operational, general management and executive director board roles.
Sean Flanagan added, "I am excited and honoured to be moving into an executive role at Aveng. Aveng is currently undergoing a reset and renovation programme to ensure the long-term sustainability and viability of the Group, and I have been working at a non-executive level on this transformation. I am pleased that I will now be able to advance the foundations of change that Eric Diack and his team have successfully laid. This Group has a strong South African legacy and heritage, which makes me proud to be leading the team on this journey. We are working toward strengthening our position in the markets in which we operate to become a leading international infrastructure and resources group.”
The Board, which will announce reconstituted committee members in due course, looks forward to Sean’s continued contribution to the Aveng Group.
By order of the Board of Directors
20 December 2018
UBS South Africa Proprietary Limited