Ann: Chief Executive Officer - Key Terms of Appoi, page-2

re: Ann: Chief Executive Officer - Key Terms ... Very good appointment. I hope this will be a turning point in the fortunes of WTP. This is the fellow who built up the NSW construction business from pretty humble beginnings & subsequently was given leadership of construction nationwide and has grown that side of the business during the worst slump construction has seen in many decades (if ever). Whilst the Kell & Rigby, Reed Constructions, St Hilliers etc of this world have fallen like ten pins & the huge players have incurred massive losses from construction i.e. Leighton's, we've done well. Where we haven't done well is from property development but we seem to be rapidly divesting the 'white shoe' component of the business which is the sector that continues to incur losses that detract from our core expertise.