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Updated: Commander recruits new CFO

Updated: Commander recruits new CFO

Latest appointment part of ongoing revamp of senior management team

Commander has recruited an interim chief financial officer and parted company with two non-executive directors as part of an ongoing senior management shake-up.

The ASX-listed (CDR) integrator has appointed Peter Housden as its interim chief financial officer to replace Carl Russett, who quit the post in December. Russett's departure coincided with the resignation of Commander's chief operating officer, Lakshman Mawalagedera, and came one week after news that CEO, Adrian Coote, was to be superseded by former Orion Telecommunications executive, Amanda Lacaze.

According to a company statement, Housden has 35 years' experience in the accounting, finance and commercial sectors, including stints with resource giants like BHP, Metal Manufactures, Esso, Zinifex, Aust Chemical Holdings; transport company, Pacific National; and professional services firm, MIA Group. He has also been a non-executive director for Kaz Group, Datadot Technology Group and is currently on the Sino Gold Mining board.

"Housden...has led strategy reviews, managed business units and had responsibility for human resources and information technology. In addition, he has continuing interest in corporate reporting and governance through membership of the AICD Reporting Committee," the statement read.

Housden's appointment was announced in conjunction with the resignation of Commander's non-executive directors, Neil Martin McDermott and Bill Scales. McDermott had been on the company's board since 2000, while Scales joined in 2005.

The latest announcement is part of ongoing efforts to instil new life into the struggling integrator. Commander managing director and CEO, Amanda Lacaze, said Housden had the skills to help manage its debts and recapitalisation plans.

"These are complex and challenging tasks. Peter has the pedigree and will provide the skills and support in those areas," she said. "He's a CFO with significant experience not just in stable, well performing businesses but also in businesses that are under performance pressures of one sort of another."

Commander shares were trading at $0.25 at the time of press.


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