OPERATIONS

Personnel Movements

Vincent Pendal, Peter Unsworth, Yong Fook Shin, Richard Lockwood, Phillip Lockyer and Peter Harley, Perilya; Andrew Walsh, Clough; Paul Whiteman, Energy Developments; Chris Sutherland, Mermaid Marine.

Perilya has undergone sweeping changes with non-executive directors Vincent Pendal, Peter Unsworth, Yong Fook Shin and Richard Lockwood, resigning from the board. Two new non-executive directors have been appointed, Phillip Lockyer and Peter Harley.

Clough has appointed its chief financial officer, Andrew Walsh, as a director of the company, effective 12 November 2003.

Paul Whiteman has retired from the position of executive director – development at Energy Developments.

Mermaid Marine Australia has appointed Chris Sutherland, CEO of Clough Services, as a non-executive director of the company, replacing Richard Reid.

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