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Sunday, May 17, 01:00:17pmLogin ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 12[3]45678910 ]
Subject: Dr Allan Sullivan Commences as CEO of ERG


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January 9, 2004 announcement on 23 October 2003.
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Date Posted: Friday, January 30, 06:31:05am
In reply to: Newspapers reporting result--March 7 2003 SMH 's message, "Noteholders have tickets to ride" on Thursday, March 06, 08:38:56am

Dr Allan Sullivan Commences as CEO of ERG


January 9, 2004

The Chairman of ERG Group, Mr Tony Shepherd today announced that Dr Allan Sullivan has commenced as the Chief Executive Officer of ERG. Dr Sullivan replaces Mr Peter Fogarty who announced his intention to stand down following an accident in mid 2003. The transition was foreshadowed in an announcement on 23 October 2003.

Dr Sullivan's most recent role was as a member of the Siemens Building Technology Executive Board and Global Head of the Siemens HVAC Products Division based in Switzerland. Dr Sullivan had responsibility for 3,500 employees and his division reported net sales of US$700 million in fiscal 2003. His summary CV is attached.

Dr Sullivan will be appointed an executive director of the ERG Group, replacing Mr Fogarty who has also resigned from the Board. Mr Fogarty will continue to consult to the Company.

ERG Chairman, Mr Tony Shepherd said "Allan Sullivan brings more than 30 years of international experience in engineering and technology companies. We believe his experience will be invaluable to ERG with our current focus on the profitable and timely delivery of our current large portfolio of projects.

Mr Shepherd confirmed there would be no change in the Company's strategy of securing smart card based ticketing projects that deliver appropriate positive returns to shareholders.

ERG Group

The ERG Group is a world leader in the development and supply of integrated fare management and software systems for the transit industry, and for its smart card systems and services. The Group has installed systems in major cities throughout the world including Hong Kong, Melbourne, Rome, San Francisco and Singapore with installations in progress in Gothenburg, Seattle, Stockholm, Sydney and Washington DC. ERG has delivered systems that support more than 20 million smart cards in circulation and handle approximately 5 billion transactions per annum. ERG is an Australian-based company, listed on the Australian Stock Exchange and employs 800 people in 11 countries.

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