The Chairman of Austal Limited, John Rothwell, announced that after five years as Managing Director and Chief Executive Officer Andrew Bellamy has elected to take a career sabbatical and therefore tendered his resignation from the company. David Singleton has been selected to succeed Bellamy under a considered succession plan. Singleton will commence full time as CEO-designate from the beginning of February 2016 and formally assume the role on 4 April 2016.

Bellamy will remain at company until the end of April 2016 under a formal transition period and the two will work closely over the coming months to ensure an efficient handover.