Quickstep Holdings Limited announced that Mr. David Singleton will retire from Quickstep's Board following Board meeting held on January 21, 2016. David has been a non-executive director since October 2010. Mr. Singleton has recently been appointed as CEO-designate of Austal Limited, and is scheduled to formally assume the role in April 2016.

Mr. Singleton is reducing his other business commitments to allow him to focus on the CEO role at Austal, and has advised the Quickstep Board that he will therefore not be able to dedicate sufficient time to satisfactorily perform his duties as a non-executive director of Quickstep. The Board will not seek a replacement director at this time.