Ampol (ASX:ALD) - Managing Director & CEO, Matthew Halliday
Managing Director & CEO, Matthew Halliday
Source: Herald Sun
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  • Ampol (ALD) has appointed its interim CEO, Matthew Halliday, to the position of Managing Director and CEO
  • Matthew joined the company in April 2019 as Chief Financial Officer, and was appointed Interim CEO on March 2 this year
  • Before joining Ampol, he spent 20 years at Rio Tinto in a variety of senior finance and commercial positions
  • Under his contract, Matthew will receive an annual base salary of $1,650,000 as well as certain short and long-term incentives
  • Ampol shares are up 2.52 per cent today, trading for just under $29 per share

Ampol (ALD) has appointed its interim CEO, Matthew Halliday, to the position of Managing Director and CEO.

In April 2019, he joined the company as Chief Financial Officer before assuming the role of Interim CEO on March 2 this year following the retirement of Julian Segal.

Prior to this, Matthew spent 20 years at Rio Tinto in a variety of senior finance and commercial positions throughout a variety of divisions and geographies.

Steven Gregg, Chairman of Ampol, said the board believes it’s the right time to make Matthew’s position permanent.

“Matthew has done an outstanding job as Interim CEO through a period of unprecedented disruption and demand destruction following the onset of COVID-19, taking strong action to protect our assets and market-leading position, optimise cashflows and ensure the continued safe and reliable operation of our business for employees and customers,” he added.

Matthew has a significant amount of experience with ASX-listed companies, both locally and overseas, and is a Chartered Accountant. In addition, he holds a Bachelor of Commerce from the University of Western Australia and an MBA from London Business School.

Commenting on his appointment, Matthew noted it was an exciting time as work continues to revitalise the Ampol brand.

“When we emerge from COVID-19 we will be well-positioned to leverage our market-leading assets and strong balance sheet to continue the successful execution of our strategy and find new opportunities to deliver value to shareholders.

Ampol is a proudly independent Australian company and we are committed to playing a leading part in our country’s future,” he said.

Under the terms of his appointment, Matthew will receive a base salary of $1,650,000, plus 9.5 per cent superannuation. On top of this, he will receive a short-term incentive for the rest of 2020 equal to 70 per cent of the base salary.

As for next year, Matthew’s long-term incentive will be based on 100 per cent of his salary, with a maximum stretch value of 150 per cent.

Ampol shares are up 2.52 per cent today, trading for just under $29 per share at 10:38 am AEST.

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