Transfield Services announces new CFO and new Chief Executive of Investments role

Transfield Services Managing Director and CEO, Dr. Peter Goode, announced in late November two new key appointments to his senior management team: Mr. Tiernan O’Rourke as Chief Financial Officer and Mr. Matthew Irwin to the new role of Chief Executive, Investments.

“These appointments are focused on increasing shareholder value by reinvigorating the company’s competitive position within the global market that it operates,” Dr. Goode said.

Mr. O’Rourke has a wealth of public company experience. This includes more than 20 years of experience in senior financial, commercial and management roles in companies such as AGL Limited, Westfield Holdings Limited, CSR Limited and Brambles Australia Limited. His most recent role was as Chief Financial Officer for Australand. He is a Chartered Accountant and holds a Bachelor of Commerce (Honors) from the University College in Dublin and an MBA from the University of Technology, Sydney.

In the new role of Chief Executive Investments, Mr. Irwin will seek to optimize the competitive position of the Company’s portfolio of assets.

“Over the last five years, Mr. Irwin has led the finance function through a period of international expansion. Most recently, he has led the effort of strengthening the platform for future growth through achieving improvements in cash flow and gearing targets ahead of expectations,” said Dr. Goode.

Both appointments will commence from January 11, 2010.