Coffey Announces new Managing Director

Leading global professional services consultancy Coffey International Limited has announced that it has appointed John Douglas as Managing Director and Chief Executive.

Effective from 1st March, Douglas succeeds Roger Olds, who stepped down on 28th February 2011 after leading Coffey for the last 15 years.

Douglas is a civil engineer with First Class Honours from the University of Adelaide and an MBA from London Business School. Before joining Coffey, he worked with Boral Limited for 15 years. During his last six years at Boral, Douglas was the Executive General Manager of the Australian Construction

Materials division. Prior to joining Boral, Douglas held various positions with the Boston Consulting Group, Pioneer Concrete UK Ltd, Soil Mechanics (part of Mowlem International) and Douglas Partners Pty Ltd.

The Chairman of Coffey, Dr John Mulcahy, said: "John Douglas is an ideal successor to Roger. Mr Douglas has demonstrated strong leadership capabilities in highly competitive markets in Australia and internationally. He has a proven ability to deliver against both performance and growth imperatives.

"In his former role, John was highly successful at leveraging results through the devolved management of multiple business units, enhanced by a strong commitment to system standardisation and back office streamlining.

"His experience and management philosophy are highly relevant given Coffey's diversity of businesses today."

Welcoming his appointment, Douglas said "I am delighted to be joining a business with the potential of Coffey. I look forward to leveraging that potential to build value for our Shareholders while continuing to provide the specialist professional service to our customers for which Coffey is so well known.

"Roger Olds and his team have done a great job in growing the business, and establishing a global footprint and I very much look forward to working with the Coffey team in the next phase of the Company's development."

Olds joined Coffey in 1979 and, after a long and distinguished career at Coffey, will continue his association with the Company by assisting Coffey on specific projects as agreed from time to time under a consultancy arrangement.

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