Austal Chairman John Rothwell to Retire, Richard Spencer Tapped as Successor
Rothwell as Chairman, and will also join the board of Austal USA.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.Rothwell said Austal set out four important criteria to
Austal Stops Shares Trading
Review of U.S. Ops Reportedly Underway The West Australian reported that Austal halted its shares from trading, and reportedly is in the process of reviewing its U.S. operation, Austal USA. Austal USA is best known for it construction of vessels for the U.S. Navy, and late last year the parent company’s price took a hit amidst reports of difficulties with the Littoral Combat Ship program. As recently as two days ago (June 28, 2016), a ceremony was hosted at the U.S. facility in Mobile, Alabama to celebrate the keel authentication of the U.S. Navy's future USS Charleston (LCS 18), the