Changes to executive management and appointment of director

The Aveng Board is pleased to announce planned changes to the executive management of the Company. Sean Flanagan, the Group Chief Executive Officer, will retire as CEO with effect from 1 March 2024. Scott Cummins, currently the CEO of Aveng’s largest subsidiary, McConnell Dowell Corporation Ltd, will succeed Sean as Aveng Group CEO. To facilitate […]

Aveng slumps almost 20% after warning of hit from project delays

Shares of construction and engineering group Aveng slumped almost a fifth on Thursday, after it warned that its Australasian specialist contract McConnel Dowell is expected to post an operating loss in its year to end-June, with the company hit by extra costs related to a delayed gas project in the Philippines. The liquefied natural gas […]