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9. March 2010 09:16 Egoli

Snippets Corner: 09 March 2010 - LLC, LEI, DJS, CBD, ANZ

Snippets Corner: 09 March 2010 - LLC, LEI, DJS, CBD, ANZ

Lend Lease Group (LLC) announced the appointment of former Leighton Holdings Limited (LEI) chief financial officer Scott Charlton in the newly created role of director of operations. Lend Lease said Mr Charlton would be responsible for managing the company’s key corporate functions including Risk and Safety, Human Resources, Legal, Finance, Corporate Affairs and Information and Communications Technology. The company said Mr Charlton would bring more than 21 years experience in property, construction, infrastructure and finance, including six and a half years at Leighton. Mr Charlton was appointed chief financial officer at Leighton in June 2007.

David Jones Limited (DJS) announced the appointment of Philippa Stone as a non-executive director with effect from 9 March 2010. The company said it is intended that Ms Stone would stand for election as director at the company’s AGM on 3 December 2010. David Jones said Ms Stone has extensive business and legal experience, and is a corporate and commercial partner of a major law firm, specialising in corporate governance, general corporate advice, equity capital markets and mergers and acquisitions. The company said Ms Stone is also a member of the ASX’s Listing Appeals Tribunal, a member of the Law Council of Australia’s Corporations Committee and a member of the International Air Services Commission.

CBD Energy Limited (CBD) said its subsidiary eco-Kinetics has won a two-year contract with Queensland electricity company, Ergon Energy. The company said this is the first major contract for eco-Kinetics’ recently established wholesale division, and follows another contract from the successful tender of the $20 million Shepparton SGVS contact in December 2009. CBD said the contract covers the supply of on and off grid photovoltaic systems for the generation of solar energy.

Australia and New Zealand Banking Group Limited (ANZ) said the dispute with the former group managing director Institutional, Steve Targett, had ended with Mr Targett agreeing to discontinue his legal action against the company. ANZ said it received a Deed of Release signed by Mr Targett today. The company said no payment would be made by ANZ to Mr Targett and each party would meet their own legal costs. ANZ said it consistently maintained Mr Targett’s case was without merit.

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