Simonds Group Limited appointed Mr. Kelvin Ryan as CEO and Managing Director, effective 5 March 2018. Mr. Ryan's appointment comes after an extensive executive search. A summary of the key terms of Mr. Ryan's appointment is at ached.

Mr. Ryan possesses extensive experience in the volume home building industry as CEO of BGC Residential from 2009 until 2017 and has a strong awareness of the issues facing the industry through his role as Vice President of the Housing Industry Association (Perth) from 2011 until 2014. He also has significant experience as a senior executive in the mining and manufacturing industries both in Australia and internationally.