The Board of Ventia Holdings has today appointed Mr. David Moffatt to the newly-created role of Executive Chairman and Group CEO, Ventia Holdings. 

This appointment is a result of today's announcement that Ventia has reached an agreement with Ferrovial for the purchase of Broadspectrum - subject to standard conditions and regulatory approvals - and is in recognition of the integration and growth opportunities that lie ahead for the newly-combined organisation once the deal is completed.

David has been Executive Chairman of Ventia Services Group Pty Limited since its inception. He has previously held Board, CEO and CFO positions in the Telecoms (Telstra), Financial Services (GE Capital) and Infrastructure Services sectors, and has successfully led multiple acquisition integrations realising the growth and financial objectives of those transactions.

Following regulatory approvals and standard conditions being met and finalisation of the transaction, Ventia Pty Limited's CEO, Michael Metcalfe, and Broadspectrum's MD & CEO, Tom Quinn will report to the Group CEO.