Pearl Global (ASX:PG1) - Managing Director, Andrew Drennan
Managing Director, Andrew Drennan
Source: Pearl Global
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  • Pearl Global (PG1) appoints David Wheeley as its new CEO, commencing in February
  • The new appointment follows Mike Barry becoming Non-Executive Chairman in August as part of the company’s wider renewal of its board and management
  • Mr Wheely was previously general manager of Cleanaway Waste Management’s Solid Waste Services in Queensland, and prior to that he held a range of senior executives positions
  • His new position comes with a $425,000 annual salary and 20 million unlisted options
  • On the market close, Pearl Global is down 6.06 per cent and trading at 3.1 cents per share

Pearl Global (PG1) has appointed David Wheeley as its new CEO, commencing in February.

The new appointment follows Mike Barry becoming Non-Executive Chairman in August as part of the company’s wider renewal of its board and management.

Through the board changes, the waste tyre re-processor is attempting to improve operational performance at the Stapylton site and to seek opportunities for future profitable growth.

Mr Wheely was previously General Manager of Cleanaway Waste Management’s Solid
Waste Services in Queensland, and prior to that he held a range of senior executives positions at Hynds Group, Hygrade Water and Holcim.

Commenting on the new appointment, Mr Barry said David brings solid operational skills and discipline to the company.

Pearl Global has offered to pay the incoming CEO a salary of $425,000 per year, including superannuation.

He will also be granted 20 million unlisted options expiring one year after vesting, divided into four million shares every year for five years.

On the market close, Pearl Global was down 6.06 per cent and is trading at 3.1 cents per share.

PG1 by the numbers
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