Millennium Services Group has announced several key changes to its board including the resignation of executive director Stephen Lidbury, and the appointment of Sally McCutchan as an independent non-executive director.
Lidbury co-founded one of Millennium’s businesses in 2003 and has served on the company’s board through its private and publicly listed history.
Lidbury will retain his role as executive director and organisational excellence leader – Security until the conclusion of his contract in November 2018. Lidbury remains a substantial shareholder in Millennium.
McCutchan has been appointed as an independent non-executive director to the board. McCutchan has currently serves as executive director and CEO of Impact Investing Australia. McCutchan is also a non-executive director of Indigenous Business Australia Asset Management, and two National Australia Bank securitisation companies.
Chairman of Millennium Peter Anderson thanked Lidbury for his service and welcomed McCutchan.
“On behalf of the Board, I sincerely thank Stephen for his outstanding contribution to the Millennium Board. Stephen was instrumental in establishing Millennium as one of Australasia’s leading integrated services providers and played a key role in its public listing.
“I am delighted to welcome Sally to the board of Millennium. Sally brings extensive corporate experience and commercial insight, and has a deep understanding of finance, strategy, stakeholder engagement and governance.
“I am confident that Millennium’s Board has a strong mix of operational, commercial, strategy and governance skills which positions the Company well to deliver on its strategic plan.”
McCutchan will serve as a member of the board’s audit and remuneration and nomination committees.