The Board of AJ Lucas Group Limited has announced a restructure of its Corporate head office functions and corresponding changes to the roles of senior management. This exercise was driven by an objective to streamline the corporate function, to deliver cost savings and to focus attention on the Australian Drilling business as the current principal activity of the Group. As a result, company has taken the decision to relocate all corporate office operations to the Brisbane office of Lucas Drilling and to close the Sydney office.

The principal changes include appointment of Brett Tredinnick as Group Chief Executive Officer. Brett is currently CEO of Lucas Drilling Division and has presided over the significant growth of the business in recent years. Brett brings significant experience to the role and is currently an Executive Director and is a member of the Australian Institute of Company Directors. Austen Perrin will retire from his role as Group Chief Financial Officer effective 31 August 2020. Austen will continue as a non-executive Director. David Ekster will assume the role of Group CFO in the new corporate structure. David has broad financial and public company experience and has been with Lucas for 10 years in various senior commercial roles giving him a deep understanding of the Lucas business. David is a Chartered Accountant with the Institute of Chartered Accountants of Australia and New Zealand and a member of the Australian Institute of Company Directors. Francis has also agreed to join the Board of AJ Lucas Group, which, following the integration of Cuadrilla into the Group, will facilitate the direct involvement of the Board in direction setting of this business.