The board changes included promoting PPK’s chief financial officer Peter Barker to CEO and promoting PPK’s general manager of finance Jason Beddow to CFO.
Dale McNamara, who joined PPK in an executive capacity in late 2013, was appointed to PPL’s board as an executive director.
PPK said the appointments let chairman Robin Levison pass his day to day responsibilities to new CEO Barker.
In a separate announcement Industrea revealed it entered a conditional agreement to sell its Dandenong property in Victoria for $12.35 million with settlement expected on May 21.
“The sale proceeds will be applied to reduce associated debt facilities and for working capital purposes,” PPK said.
Former Industrea chief Levison became PPK’s executive chairman in October 2013 and has a 19.9% stake in the company.
PPK has a considerable property portfolio which is slated for further divestment.
