Hannan takes chair at Ovato

Michael Hannan will take over the chair’s role at Ovato, following the resignations of incumbent Matthew Bickford-Smith, and non-executive director Terry Sinclair.

According to Hannan his appointment marks the final phase of the integration between IPMG and Ovato (formerly PMP) post the 2017 merger.

“As we pass this milestone, it is important that we now revisit the experience and skill set of the Board to best assist management in improving shareholder returns in this next phase of the company.

“The Board understands the importance of rebalancing the Board with a majority of independent directors, and I look forward to announcing the appointments of these individuals as soon as possible,” said Hannan.

The incoming chairman thanked his predecessor Bickford-Smith for his work over the past ten years as a director and eight years as chairman, as well as his input after the merger.

“His efforts, and those of Terry, have helped guide us in the development and evolution of the company post-merger,” he said.

Ovato is about to officially open its upgraded super-site in Warwick Farm.