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Highlights
- Tiernan O’Rourke to retire from Worley (WOR) this year.
- Deputy CFO Justine Travers set to take over on September 27.
- O’Rourke plans to pursue advisory roles in the private sector post-retirement.
Worley (ASX:WOR) announced a significant change in its executive team, as Chief Financial Officer Tiernan O’Rourke is set to retire from his role later this year. O'Rourke, who has been a pivotal part of Worley's financial strategy, will be stepping down after four years of service in the company.
O'Rourke's departure marks the end of his full-time professional commitment to publicly listed firms, as he transitions towards a more flexible career in the private sector. He plans to engage in advisory and consulting roles, leveraging his extensive experience and expertise in corporate finance. This move underscores a personal shift towards less structured engagements, allowing him to offer strategic guidance without the day-to-day responsibilities tied to a corporate officer's role.
The transition period is set to be smooth, with O'Rourke remaining on board until September 26 to ensure a seamless handover of responsibilities. He will be aiding Justine Travers, the current Deputy CFO of Worley, as she prepares to step into the CFO role. Travers, who has been closely working with O'Rourke as his deputy, is familiar with the intricacies of Worley’s financial operations, making her an ideal successor to carry forward the financial stewardship of the company.
Justine Travers's appointment as the new CFO, effective September 27, is anticipated to maintain continuity in Worley’s financial leadership. Her prior experience within the company positions her well to drive Worley’s financial strategy and manage the economic challenges and opportunities that lie ahead.
This executive shift comes at a time when Worley continues to navigate the complex landscapes of the global engineering sector, emphasizing the need for robust financial guidance and innovative business strategies. The company's proactive approach in managing this leadership transition demonstrates its commitment to corporate stability and strategic continuity.
As Worley continues to evolve, the focus remains on sustaining its growth trajectory and strengthening its market position. The strategic foresight in leadership transitions like these plays a crucial role in ensuring that the company remains well-equipped to handle the dynamic demands of the industry, while also securing its financial foundations for the future.
