MIL ASX Announcement Changes to the Board of Millennium Services Group Limited

20 October 2017

Millennium Services Group (ASX:MIL) today announces the resignation of Executive Director Stephen Lidbury and the appointment of Sally McCutchan as an Independent Non-Executive Director.

Mr Lidbury co-founded one of Millennium’s businesses in 2003 and has served on the Company’s Board through its private and publicly listed history. Consistent with the Group’s long term succession plan, Mr Lidbury will step down from the Board of Millennium on 25 October 2017 to facilitate Board diversity and generational change. Mr Lidbury will retain his role as Executive Director & Organisational Excellence Leader – Security until the conclusion of his contract in November 2018. Mr Lidbury remains a substantial shareholder in Millennium.

Ms McCutchan will be appointed with effect from 25 October 2017 as an Independent Non-Executive Director to the Millennium Board. Ms McCutchan has extensive experience in finance, funds management and strategy and currently serves as Executive Director and Chief Executive Officer of Impact Investing Australia. She has held executive positions in the financial services and management consulting industries in Australia and Singapore, including APAC Regional Lead of Value Labs at Accenture Strategy based in Singapore and Director at Legg Mason Asset Management in Australia.

Ms McCutchan is also a Non-Executive Director of Indigenous Business Australia Asset Management, and two National Australia Bank securitisation companies.

Chairman of Millennium Peter Anderson thanked Mr Lidbury for his service and welcomed Ms McCutchan to the Board.

“On behalf of the Board, I sincerely thank Stephen for his outstanding contribution to the Millennium Board. Stephen was instrumental in establishing Millennium as one of Australasia’s leading integrated services providers and played a key role in its public listing.

“I am delighted to welcome Sally to the Board of Millennium. Sally brings extensive corporate experience and commercial insight, and has a deep understanding of finance, strategy, stakeholder engagement and governance.

“I am confident that Millennium’s Board has a strong mix of operational, commercial, strategy and governance skills which positions the Company well to deliver on its strategic plan.”

Ms McCutchan will serve as a member of the Board’s audit and remuneration and nomination committees.

Millennium Announcement

Appointment of new CEO

Mark Baldwin tendered his resignation as CEO of Millennium Services Group on 26th June 2017 which was accepted by the Board.  As our inaugural CEO as a listed firm, Mark will forever occupy a place of honour in the history of our company.  We are sincerely thankful for all of his efforts over the past seven years.

The Board is pleased to announce that Millennium COO, Craig Hanley, has been appointed CEO effective immediately.  Craig joined Millennium in February 2017 after an extended term as CEO of SECUREcorp.  He brings a wealth of industry knowledge and leadership to Millennium, and we are excited to have Craig in place to lead the Group in its next growth phase.

Craig and his management team will continue to strive to service your requirements to the highest possible standard. We look forward to your continued support and to growing the relationship between our respective organisations to an even stronger level.

 

Change of Director’s Interest Notice

31 October 2016 – Appendix 3Y Change of Directors Interest Notice
Gregory Henry McCormack

31 October 2016 – Appendix 3Y Change of Directors Interest Notice
Peter McKenzie Anderson

28 November 2016 – Appendix 3Y Change of Directors Interest Notice
Peter McKenzie Anderson

13 December 2016 – Appendix 3Y Change of Directors Interest Notice
Mark Richard Baldwin

13 December 2016 – Appendix 3Y Change of Directors Interest Notice
Gregory Henry McCormack

3 January 2017 – Appendix 3Y Change of Directors Interest Notice
Peter McKenzie Anderson

Notice To All Millennium Employees

Please note that the current trading window for all MIL personnel covered by the Code to trade in MIL shares has now closed.

No further trading may occur until after the announcement of Millennium’s half year results during the latter part of February, at which time a further 8 week trading window will be open.

Please be mindful of the Code of Conduct Transactions in Securities Directors and Relevant Employees conditions for trading in MIL securities at all times.  A copy of the Code of Conduct Transactions in Securities is available on this website for download from the Investor tab > Governance.