Aveng has named Fraser Wyllie as CEO designate with effect from October 1. The appointment follows a rigorous selection process to identify the most suitable candidate to lead the company through its next phase, and the nominations committee considered a number of strong internal and external candidates, Aveng said on Monday.Wyllie is an experienced civil engineer with more than 30 years of civil contracting experience in the UK and New Zealand, Aveng said.He joined McConnell Dowell as MD for New Zealand and Pacific Islands in July 2017 after similar roles at other New Zealand-based civil contractors. “On joining he undertook a significant turnaround of underperforming projects. He has since that time grown the business into a highly effective and profitable business,” Aveng said.Over the past three years his business unit has had no loss-making projects. In the previous year, the New Zealand business unit has worked successfully on two projects, with the Australian business unit providing transfer of skills in the water and wastewater sector where the New Zealand team has strong expertise, it added.He holds a bachelor of engineering (civil) from the University of Auckland and an MBA from Massey University. He is a chartered engineer and an active member of the Institute of Directors (New Zealand). He is a director of Horizon Energy Group and serves as the chair of infrastructure New Zealand.In January, Aveng appointed David Simpson as interim CEO and a director of the company after Scott Cummins retired.Cummins had been CEO of Aveng since taking over the position from Sean Flanagan, who retired in March 2024. He was previously CEO of Aveng’s largest subsidiary, McConnell Dowell, where he started working in 2015. The group also said on Monday that Philip Hourquebie and Nicolas Bowen had retired from the board on August 21.Hourquebie joined the board in August 2015 and served in several roles, including independent non-executive director, chair of the audit committee and chairperson of the board during some particularly trying periods, the group said. Bowen joined the board in July 2023 and has chaired the risk and health and safety committees. Graeme Bevans has been appointed as chairperson with effect from August 21.On Friday, Aveng reported a dip in revenue as infrastructure markets in Australia and New Zealand softened, with the group still carrying the costs of loss-making projects even as performance across its core businesses improved.The improvement came after Aveng returned to gross profitability across all its operating segments, though its Australian and Southeast Asian infrastructure businesses remained under pressure as the group worked through loss-making projects, the company said in its results for the year to June.Revenue fell 12.4% to A$2.3bn (R26.4bn), while headline loss per share narrowed sharply to three Australian cents.The group swung back to operating earnings of A$19.3m, from a A$60.4m loss a year earlier.Business Day