Calibre : Announces MD & CEO Resignation and Interim CEO

Calibre Group Limited today has announced the resignation of its Managing Director & CEO Peter Reichler.

The Board has appointed existing Calibre Group Chief Financial Officer and Company Secretary Peter Massey as Interim Chief Executive Officer. Peter Massey has been with Calibre for nearly three years and has over 20 years' experience in the industrial services market, both in Australia and internationally. Peter Reichler will work closely with Peter Massey to ensure a smooth transition.

The Board will undertake a search for a successor over the coming months. Calibre Chairman Geoff Tomlinson said 'The Board has chosen to make an interim appointment to ensure we can undertake a thorough search for a permanent CEO. Peter Massey's role as interim CEO will be to work closely with the Board and the senior management team to maintain the momentum of the company.'

The Board would like to thank Peter Reichler for his significant efforts and commitment over recent years. Mr Tomlinson said 'Peter Reichler has led the Company through a period of significant transition corresponding with substantial declines in the commodities based markets. Peter Reichler was instrumental in Calibre's diversification by driving Calibre's strategy into new markets and geographies including the successful acquisition of our Utilities Services business Diona in late 2015.'

Geoff Tomlinson
Chairman