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    SLK   AU000000SLK1

SEALINK TRAVEL GROUP LIMITED

(SLK)
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SeaLink Travel : Appointment of Chair and New Independent Non-Executive Director

06/29/2020 | 09:04pm EDT

SeaLink Travel Group Limited (ASX:SLK) ('SeaLink') advises that it has approved the following changes to the composition of the Board of Directors following retirement of the current Chair, Andrew McEvoy from 30 June 2020.

As advised on 26 February 2020, Mr McEvoy resigned as a Director and Chair of SeaLink with effect from 30 June 2020 to take up a full-time executive position in the Middle East. The Board has gained considerable benefit from Mr McEvoy's extensive experience during his tenure, and valuable input and advice as a Director and Chair since 2015. On behalf of shareholders, the Board thanks Mr McEvoy for his outstanding contribution and commitment to SeaLink during a significant period of expansion of the Company and wish him all the best in his future endeavours.

The SeaLink Board has conducted a search for a new Chair including using an executive search firm to support this process. In light of the rapidly changing and uncertain business environment in 2020 due to COVID-19, the Board has appointed Mr Jeffrey Ellison to act as Chair of the Company to ensure successful delivery of the Company's strategy whilst it continues to review the expertise and characteristics required to lead the Board for the future. Mr Ellison was appointed Deputy Chair of the Board in February 2020 and has served at SeaLink in various roles since 1997 including as Managing Director from 2008 up until his retirement in January 2020.

Following a review of the current expertise and skills of the Board and the vacancy created by Mr McEvoy's departure, SeaLink also advises that it has appointed Mr Lance Hockridge as an independent Non- executive Director of the Company. Mr Hockridge has extensive international experience in the transportation, manufacturing and logistics sectors with a focus on safety, operational and financial transformation of businesses.

Mr Hockridge was previously the Managing Director and CEO of Aurizon Holdings Limited (2010 to 2016) following the demerger of Queensland Rail and QR National from a government owned railway to an ASX50 company. Other notable accomplishments as an executive include the oversight of BHP's global transport business, together with key roles in financial and operational reform in the heavy industrial sector and leading a major turnaround for BlueScope Steel's North American operations.

Mr Hockridge is also currently Chair of the Salvation Army Queensland Advisory Council, and an active advocate for diversity in the workforce. The Board welcomes Mr Hockridge.

*Authorised for release by the Board of SeaLink Travel Group Limited *

**Further information **

For further information, please contact:

Clint Feuerherdt
Group Chief Executive Officer
+61 8 8202 8659

Andrew Muir
Chief Financial Officer
+61 8 8202 8693

**About SeaLink Travel Group Limited (ASX:SLK) **

SeaLink Travel Group is Australia's largest integrated land and marine, tourism and public transport service provider with established international operations.

Carrying more than 360 million passengers a year in different locations around the world, the Group has over 8,700 employees and operates approximately 3,400 buses and 80 ferries with established domestic and international operations across every Australian state and territory, as well as Singapore and London.

In 2020, SeaLink Travel Group acquired the Transit Systems Group, which operates government-owned metropolitan bus services in Perth (Swan Transit), Adelaide (Torrens Transit), Sydney (Transit Systems NSW), Victoria (Sita Group) and Darwin (Territory Transit). Internationally, the Transit Systems Group also operates urban bus services in London (Tower Transit), and in Singapore (Tower Transit Singapore).

Disclaimer

Sealink Travel Group Ltd. published this content on 30 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2020 01:03:01 UTC


© Publicnow 2020
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Sales 2021 1 168 M 862 M 862 M
Net income 2021 54,5 M 40,3 M 40,3 M
Net Debt 2021 250 M 185 M 185 M
P/E ratio 2021 34,9x
Yield 2021 1,67%
Capitalization 2 092 M 1 542 M 1 545 M
EV / Sales 2021 2,01x
EV / Sales 2022 1,74x
Nbr of Employees 672
Free-Float 54,4%
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Number of Analysts 7
Last Close Price 9,58 AUD
Average target price 10,18 AUD
Spread / Average Target 6,26%
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Managers and Directors
Clint Feuerherdt Group Chief Executive Officer
Andrew David Muir Chief Financial Officer & Co-Secretary
Jeffrey R. Ellison Chairman
C. Beaumont Chief Operating Officer-International
Lance E. Hockridge Independent Non-Executive Director
Sector and Competitors