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Macquarie Telecom Group Limited ( (AU:MAQ) ) has provided an announcement.
Macquarie Technology Group has announced that long-serving Chair Peter James will retire from the board following the release of the company’s half-year results in February, with current non-executive director and Audit and Risk Management Committee chair Lisa Brock appointed as his successor. James’ 13-year tenure on the board, including 11 years as Chair, coincided with a period of strong expansion, including 11 consecutive years of profitable growth and a ten-fold increase in the share price, as the company evolved into an integrated cloud, cyber, data centre and telecom group. Brock, who brings board experience across infrastructure and transportation and a track record in business leadership, will lead the board as Macquarie Technology embarks on its next phase of significant investment and growth in digital infrastructure, while newly appointed director David Buckingham will assume the role of Audit and Risk Management Committee chair and the company plans to add another independent non-executive director in the coming months, signalling continued board renewal and governance focus.
The most recent analyst rating on (AU:MAQ) stock is a Hold with a A$73.00 price target. To see the full list of analyst forecasts on Macquarie Telecom Group Limited stock, see the AU:MAQ Stock Forecast page.
More about Macquarie Telecom Group Limited
Macquarie Technology Group Limited (ASX: MAQ) is an integrated cloud, cyber security, data centre and telecommunications provider, focused on delivering digital infrastructure and services that support Australia’s cloud and AI-driven future. The company has undergone significant growth and transformation in recent years, positioning itself as a key player in the nation’s digital and data infrastructure market.
Average Trading Volume: 43,159
Technical Sentiment Signal: Buy
Current Market Cap: A$1.71B
For a thorough assessment of MAQ stock, go to TipRanks’ Stock Analysis page.