Chris Tuckwell calls time at contractor MACA

Chris Tuckwell has called time on his 11-year run at Perth-based services contractor MACA and will leave the company early next month.

The managing director and chief executive will be replaced from Monday by former Downer EDI chief operating officer Mike Sutton, who will start on a base salary of $681,5000 plus bonus incentives.

Chairman Andrew Edwards said Mr Tuckwell had taken MACA from a private group with revenue of $83 million and assets of $33 million to the publicly listed company it is today with forecast revenue of $770 million and total assets of $584 million.

“We wish Chris all the very best for the future,” Mr Edwards said.

“We are delighted to have attracted someone of Mike’s calibre and standing in the sector to be the new CEO of MACA.

“The board is confident that Mike has the appropriate skills to lead MACA’s business through the next phase of its growth as it seeks to take advantage of the many opportunities available with existing and potential new clients.”

MACA has also beefed up its board with the appointed former Programmed managing director and group chief executive Chris Sutherland as an independent non-executive director.

Mr Sutherland led Programmed from January 2008 until his retirement in September 2019, two years after the maintenance services company was acquired in a $1 billion takeover by Japan’s Persol Group.