Impressive set of new Directors and CEO.
The new CEO, Mr. John Cleland is leaving a $2.0 billion plus sales company, WestNet Infrastructure Group Ltd. to join Alloy. This should definitely be viewed as good news for AYSI shareholders.
Here's some information on his prior company, WestNet:
WestNet Infrastructure Group Ltd., along with its subsidiaries, provides asset and project management services to infrastructure clients in gas and electricity fields in Western Australia. It offers engineering, procurement, project management, operational, and maintenance services, as well as legal, human resources, information technology, and finance services. The company also provides overhead and underground electricity cabling services and manages natural gas pipeline expansion projects. In addition, it operates and maintains rail infrastructure in the southern half of Western Australia, as well as acquires, manages, and operates various energy transmission and distribution, and transport infrastructure assets in Australia and internationally.
They were formerly a public company and were purchased by Babcock & Brown among others in a consortium back in 2007. I believe they moved Mr. Cleland up to CEO from the WestNet Rail subsidiary.
The $2.0 billion sales figure is based on results from 2007.
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