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Emeco CEO to step down

The Chairman of Emeco Holdings Limited, Mr Alec Brennan, announced today that Emeco Chief Executive Officer, Mr Laurie Freedman, has decided to step down from his role as CEO at a mutually convenient time later this year. Accordingly the Emeco board has commenced a search for a new CEO assisted by Korn Ferry International.

In order to ensure a smooth leadership transition, Mr Freedman has agreed to remain as CEO until his successor commences with the company.

Mr Brennan paid tribute to the very substantial contribution Mr Freedman has made to Emeco over the past ten years. "Laurie has been responsible for building the company to its current scale and led the company through its IPO in 2006," Mr Brennan said.

Mr Freedman continues to own a significant shareholding in the company.

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