Parkway Corporate Chairman Retires as Board Moves to Next Growth Phase

The latest announcement is out from Parkway Corporate Limited ( (AU:PWN) ).

Parkway Corporate Limited has announced the immediate retirement of Non-Executive Chairman Stephen van der Sluys, who has led the board since September 2022 after joining in August that year. He is credited by the company with overseeing a period of rapid growth, advancement of key technology milestones and the company’s recent transition to profitability. Non-Executive Director Ayten Saridas has been appointed Interim Non-Executive Chair while the board undertakes a renewal process to identify additional independent non-executive directors to support its next phase of growth, signalling continued evolution of the company’s governance structure in line with its expanding operations and strategic ambitions.

The most recent analyst rating on (AU:PWN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Parkway Corporate Limited stock, see the AU:PWN Stock Forecast page.

More about Parkway Corporate Limited

Parkway Corporate Limited is an Australian water and wastewater treatment and process technology company focused on commercialising innovative industrial process technologies to address global water-related sustainability challenges. The group operates through two integrated divisions: an Industrial Operations arm that provides conventional treatment products, fabrication and project delivery services to commercial, municipal and industrial clients, and an Industrial Technology arm dedicated to research, development, optimisation and piloting of cutting-edge industrial water treatment technologies, supported by fully integrated in-house project delivery capabilities.

Average Trading Volume: 1,932,822

Technical Sentiment Signal: Hold

Current Market Cap: A$37.37M

Learn more about PWN stock on TipRanks’ Stock Analysis page.