Further to the announcement made on 7 March 2023 ALS Limited provided details of the terms of employment of Mr. Malcolm Deane in his capacity as Interim Chief Executive and Managing Director of ALS Limited. Start date: 6 March 2023 Term of appointment: Interim position and no fixed term. Termination in accordance with provisions noted below. Location: Mr. Deane will be based in Houston and travel to Australia as required to perform his duties. Notice & Termination: A period of 12 months notice must be given by either party for termination.
Termination due to serious misconduct, may be made with no notice. Termination as a result of retirement, death or serious illness subject to
Board discretion may result in pro-rated LTI vesting. All accrued statutory leave entitlements will be paid out upon termination.