Austin Engineering Limited (AU:ANG) has released an update.
Austin Engineering Limited has updated the remuneration package for CEO and Managing Director David Singleton, who will continue in his role until the end of the FY25, when he plans to retire. The new package reflects a review of the initial three-year term agreement that was heavily based on share price performance. The company is now initiating a comprehensive search for Singleton’s successor to ensure a smooth transition and to maintain focus on the company’s growth targets.
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