Leadership Movements at Tenix

The Tenix Group, a leading privately owned Australian diversified contractor in defence, utilities, traffic management and technology, announced a number of changes to its senior management.

Tenix founder and Chairman, the respected business leader, Carlo Salteri AC, 86, has announced his retirement as Chairman of the Tenix Board. Stepping into the Chairmans role is his son and current Group Managing Director, Paul Salteri.

Having led Tenix as Group Managing Director since the company was founded in 1997, I believe, with the support of my family and fellow Board members, that the time is now right to take up the non-executive role of Chairman, said Mr Salteri.

I look forward to this new challenge and my continuing involvement with the company.

Moving into the role of Group Managing Director and CEO is Greg Hayes. Mr Hayes currently holds the position of Executive Director Finance and Corporate Development based at the Tenix Group head office in North Sydney.

He was appointed to that position in November 2006. He was previously Chief Financial Officer of AGL and has held senior management positions at Westfield and Southcorp.

It is an honour to be chosen to lead an organisation with such a proud history and a portfolio of quality assets, said Mr Hayes.

I look forward to working with the Board and management as Tenix enters this new phase and to lead the company to continued success.

Further to these changes, current Executive Director and Tenix Defence CEO, Robert Salteri will join Paul Salteri and Carlo Salteri as a NonExecutive Director.

The changes at Tenix take effect from 12 February 2007.
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