SYDNEY, AUSTRALIA: Dynamic Group Holdings (ASX: DDB) notifies that extremely skilled mining services executive Mr Geoff Newman will join the Company as group Chief Executive Officer (CEO) from March 2023.
Geoff Newman has operated at an executive level inside the contracting and mining services sector for over 22 years. Most recently Geoff has carried out various executive level roles inside Emeco Holdings Ltd (ASX: EHL) since 2013. Prior to Mr Newman’s time with Emeco, he was CEO for a water drilling enterprise which provided similar services to Dynamic Group’s wholly owned Welldrill subsidiary. Mr Newman has additionally held one other executive place inside a drilling business.
Mr Newman holds a Bachelor of Engineering (Hons) from the University of Western Australia and has strong commercial acumen complementing his technical and operational skill set.
Mr Newman has held a number of worldwide and nationwide appointments and has related executive positions through growth phases pushed organically and via acquisition.
Dynamic Group Chairman Mr Garret Dixon said: “Geoff’s decision to join the Dynamic Group is pleasing as he has recognised the potential for significant worth to be enabled through the application of his experience, capabilities, and enthusiasm to the group.
We welcome Geoff on-board and can be offering the support to Geoff to focus on producing shareholder returns inside the most environment friendly and efficient manner, he’s an distinctive addition to the team.”
Geoff Newman has confirmed functionality to carry monetary and operational accountability for large and complex contracting and mining services businesses, collectively with the preparation and execution of growth strategies.
After itemizing on the ASX in August of 2020, the Dynamic Group has grown from A$15m of income in FY20 to A$74m in income in FY22, EBITDA has grown from A$2.2m in FY20 to A$17.1m in FY22, and net assets have grown from A$0.52m in FY20 to A$36.6min FY221.
The enterprise has grown to a fleet of forty seven drill rigs and round 300 individuals who allow the profitable operation of the business.
The firm provides a hugely potential platform for continued growth with the addition of Mr Newman to the capable, complimentary, and skilled executive management team.
Incoming Group CEO Mr Geoff Newman said: “My contracting background provides the platform for me to attract on earlier expertise to focus on the optimisation of the Dynamic Group, while remaining focussed on creating shareholder worth in a safe, environment friendly and sustainable manner. I look ahead to becoming a member of the team in March 2023, the place we can work collectively to optimise operations, identify growth alternatives and the event of strategic plans.”