Sean Flanagan To Retire As Aveng Limited CEO
Sean Flanagan To Retire As Aveng Limited CEO. Sean Flanagan, Aveng’s Chief Executive, has successfully led Aveng through a difficult period to deliver the strategy of disposing of non core businesses, turning around the core businesses, settling the legacy debt and de-risking the balance sheet. The company will now turn to its next phase of achieving sustainable, profitable growth over the coming years. With the next phase of growth in mind, Sean has elected to retire as CEO with effect from 1 March 2024, paving the way for a new CEO to own and deliver the company’s long term strategy.
Scott Cummins, the current Chief Executive of Aveng’s largest subsidiary, McConnell Dowell, will join the Board as an executive director on 22 November 2023 and will assume the role of Group Chief Executive on 1 March 2024. Scott is a civil engineer, with a B.Eng., 1st class honours degree from Monash University in Melbourne, Australia and holds an MBA from Strathclyde University in Glasgow, Scotland. His career spans some 38 years as a contractor in engineering and construction, oil and gas and infrastructure industries and he has held global and regional executive roles in Australia, Asia, the Middle East and Europe.
Scott joined Aveng in 2015 and has been instrumental in leading McConnell Dowell through a major strategic and operational change during this time. This has included turning the business around, closing out legacy matters and significantly growing the business from its contracted size. He is well regarded in the industry and has served as the Vice President of the Australian Constructors Association.
Scott will be working closely with Sean in the period leading up to 1 March 2024 and particularly as the company completes and reports on its interim results. Sean will thereafter remain on the Board as a non-independent non-executive director and serve as a member on the Risk, Tender Risk and Safety, Health and Environment committees.
Adrian Macartney, the Group Finance Director and Chief Financial Officer, will continue in his role, providing continuity to executive management and the Board. In line with the company’s long term strategy to move the epicentre of the Group to Australia and to support Scott, Adrian will relocate from Johannesburg, South Africa and be based in the company’s Melbourne, Australia office from January 2024.
