Brierty Appoints Peter McBain as Chief Executive Officer

The Board of civil and mining contractor Brierty Limited (ASX: BYL) is pleased to announce the appointment of Peter McBain as Chief Executive Officer of Brierty Limited.

Mr McBain possesses highly valued experience in the infrastructure and mining sectors, most recently through his employment as General Manager – Project Development at Gindalbie Metals’ Karara Mining, as well as previous roles at NRW and HWE Mining where he oversaw projects for clients including BHP Billiton, Fortescue Metals Group, Rio Tinto, Portman and Main Roads Western Australia.

At Gindalbie he has managed the design and construction of the company’s $2 billion Karara Project, including an 85km rail spur, power transmission line, water pipeline and pump stations, accommodation facilities for 1800 people and magnetite concentrator, as well as the redevelopment and upgrade of the Geraldton port facility for company use.

Brierty Chairman Dalton Gooding said, “Brierty is delighted to welcome Peter as CEO of the company. He brings to Brierty immense expertise and knowledge of civil and mining contracting from both a contractor and client perspective.

“Peter’s unique mix of skills, built on 20 years of experience, will be a great asset for Brierty’s growth strategy as well as business development and delivery of outstanding service on awarded contracts.”

Mr McBain’s appointment completes a comprehensive executive recruitment process.

“We set out to recruit a high calibre CEO with extensive operational experience and Peter demonstrates all of the professional expertise and personal characteristics we have been seeking,” Mr Gooding said.

Mr McBain said he looked forward to commencing at Brierty and to capturing the opportunities available to the company.

“Brierty is well positioned with its exposure to mining, transport, resources infrastructure and land development,” Mr McBain said.

Mr Gooding said although Brierty was leveraged to the resources sector and economic upswing in WA, its diversified business activities provided a natural hedge to volatility.

“Brierty has increased its tender activity in the past four months, which has translated to an increase in its order book. We are now focused on delivering those projects safely, on time, with exceptional quality, and with margins that drive shareholder value, while also assessing and tendering for new contract opportunities,” Mr Gooding said.

Mr McBain’s appointment is effective from March 7, 2011.