SYDNEY, AUSTRALIA: The Ventia (ASX: VNT) Board announced that Group Chief Executive Officer (Group CEO), Mr Dean Banks, has been appointed to the Board as Managing Director and Group CEO with effect from Tuesday 14 June 2022.

Mr Banks was previously appointed as Group CEO in January 2021.

Mr Banks’ remuneration and other contractual arrangements remain unchanged from that disclosed previously.

Ventia Chairman, Mr David Moffatt said: “Dean’s appointment is a natural progression given his strong leadership and performance in the Group CEO role since joining Ventia. He has successfully led Ventia through our Initial Public Offering and into listed life, while establishing a clear vision and strategy for our workforce of more than 35,000 people. The Board welcomes Dean as Managing Director and we look forward to continuing our strong working relationship.”

Dean was previously the Chief Executive Officer, UK Construction Services, Balfour Beatty plc (a FTSE 250 listed infrastructure company) from January 2018 to late 2020, having first joined Balfour Beatty in April 2015 as Chief Operating Officer. Prior to Balfour Beatty, Dean held C-level roles in other FTSE 250 global businesses in construction, manufacturing and service industries.