MACA (ASX:MLD) - Incoming CEO and Managing Director, David Greig
Incoming CEO and Managing Director, David Greig
Source: David Greig/LinkedIn
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  • MACA (MLD) appoints current Chief Development Officer David Greig as its new CEO and Managing Director, effective July 22
  • This follows after current CEO and MD Mike Sutton decided to bring forward his retirement plans and spend more time with his family
  • According to the company, Mr Greig is a highly experienced mining and resource sector executive and has been an employee of MACA since June 2016, holding roles of General Manager Business Development and Chief Operating Officer
  • As part of his remuneration package, Mr Greig will receive a $660,792 salary including superannuation and short and long term incentives
  • Shares in MACA are down 2.05 per cent, trading at 71.5 cents at market close

MACA (MLD) has appointed current Chief Development Officer David Greig as its new CEO and Managing Director, effective July 22.

This followed after current CEO and MD Mike Sutton decided to bring forward his retirement plans and spend more time with his family.

Mr Sutton will remain with MACA for a period of time to ensure a smooth transition.

According to the company, Mr Greig is a highly experienced mining and resource sector executive and has been an employee of MACA since June 2016.

Prior to his current appointment at MACA, he has previously held the roles of General Manager Business Development and Chief Operating Officer at the company.

He holds a Bachelor of Commerce and has over 20 years of experience within roles in
international mining, construction, and infrastructure industries, including six years at
Emeco Holdings (EHL).

Chairman Geoff Baker thanked Mr Sutton for his significant contribution to the business on behalf of the board.

“Mike has been instrumental in restructuring the MACA business to take advantage of the significant growth through the successful acquisition of the Open Cut West business in 2021, and the subsequent seamless integration into the MACA business,” he said.

Commenting on Mr Greig’s appointment, Mr Baker said he was selected as a result of his past demonstrated performance, strong leadership skills and work ethic, alignment of cultural values with MACA, his exceptional relationships with our clients, and his clear understanding and vision for the future of our business.

As part of his remuneration package, Mr Greig will receive a $660,792 salary including superannuation and short and long term incentives.

Shares in MACA were down 2.05 per cent, trading at 71.5 cents at market close.

MLD by the numbers
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