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Austal Limited's inaugural chairman, John Rothwell AO, is retiring from his position of Chairman of the Company to serve on the Austal board as a Non-Executive Director. Former United States Secretary of Navy (SECNAV) Richard Spencer will replace Mr Rothwell as Chairman, and will also join the board of Austal USA, providing important linkages between the two boards. Mr Rothwell’s retirement as Chairman marks a significant milestone in the history of Austal, having served in the position for 37 years since he founded the company in 1987. During that time Austal has grown from a small, privately-owned, West Australian, commercial shipbuilder to an ASX-listed, international defence prime contractor with a multibillion-dollar orderbook, over 4,000 employees and substantial ship building operations in Australia, the United States and South East Asia. Mr Rothwell said Austal set out four important criteria to select its new chair – excellent character; strong business acumen; in-depth knowledge of the US defence industrial base; and enduring relationships with the Australian and/or US defence sector. “Those criteria narrowed the field of candidates considerably,” he said. “Richard was at the top of the list, and I’m pleased that he was receptive to our approach.” Mr Spencer served five years with the United States Marine Corps as a Naval Aviator. After leaving the defence force, he worked at several investment banks including Goldman Sachs, Donaldson, Lufkin and Jenrette, and Bear Stearns. He also served on the Pentagon Defense Business Board advisory panel and the Chief of Naval Operations Executive Panel. He was appointed and confirmed as Secretary of Navy from August 2017 through to November 2019. Mr Spencer said he was looking forward to the Chairman role, which commences on 1 July 2024. Read the full company announcement at https://lnkd.in/ghRqf_J9

Austal Chairman Transition

Austal Chairman Transition

austal.com

Tim Speer

Market Development and Design Manager at Austal

3mo

I have worked for John for most of my professional career and have always been impressed by his vision and his ability to surround himself by competent people to deliver success. His decision to firstly pursue the European Car Ferry Market and then the US Naval Market helped to transform the business. As always this decision has been well considered in best interest of the business and with an eye to the future. Good luck to Richard Spencer in his new role; you have some big shoes to fill.

John Kecsmar

Naval Architect - Ad Hoc Marine Designs Ltd.

3mo

May I wish John Rothwell a pleasant relaxing retirement. It is indeed a far cry from those days when there were just 6 of us in the DO tucked away in the small porta-cabins in the early 90s in Henderson. And me being introduced to the Aussie, friday sessions ... as a nice wind down to the weekend; John did not hold back on the wine flowing 🍷 ...may it flow into his retirement.

Congratulations John Rothwell for establishment of a successful business and your departure on a high point of the business. I appreciate the opportunity to work with the Austal team on the successful LCS and EPF program partnership between General Dynamics and Austal USA.

I would also like to Wish John Rothwell a very happy retirement if any body deserves it he does.

Well done John. You remain one of the most inspiring leaders who I had the pleasure of working for. A true visionary.

Congratulations! And a well deserved retirement

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Paul R. GANNAWAY

CEO at the AsianFast Group

3mo

Congratulations John on a stellar career....you were a guiding light back in the days to us younger guys!

Anil Raj P.E.

CEO TAI Holdings, Founder TAI Engineers

3mo

Congrats on your success and retirement John!

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Trey LeBlanc

LOWER ALABAMA_GULF MARITIME CONSULTING LLC

3mo

Congratulations!

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