Copy of the announcement below:
Ted Pretty has vast experience in IT and this has been the big performers for Hills over the last few years. Hard decisions will come - especially for Fielders and then Orrcon!
|Ted Pretty when at Telstra|
Iwrite today with news of an important change that will be announced this morning and will take effect
shortly within our Group. After four yearsheading up the Hills Group, Graham Twarlz is to step down after
advisingthe Board of his intention to retire from his executive role.
You allknow Graham very well and would be familiar with his contribution to Hills over almost two decades
asFinance Director, Company Secretary and of course as Managing Director since 2008. Graham has
tickedoff a long list of achievements at Hills of which he can be very proud. He guided the Company
throughthe challenge of the global financial crisis, he has continually fostered and developed new talent
andleaders within the business, and he has implemented significant changes that have enhanced our
safetyperformance across the Group.
Hillshas been a big part of Graham's life over the past two decades. We sincerely thank him for the role
he hasplayed in continuing to build on our unique culture and we wish him every success for the future. I
knowthat many of you will want the chance to speak with Graham, to thank him for his work and friendship
and toproperly say farewell. We will work with Graham to ensure an opportunity to do so occurs in the
As welook ahead, Ted Pretty will be our new Managing Director and his flrst day on the job will be
Monday 3 September.Ted's background includes eight years as a Group Managing Director at Telstra,
wherehe led Technology lnnovation and Products, four years at Macquarie Capital as Global Head of
Telecommunications, fiveyears as Chairman of Fujitsu Australia - a Japanese owned information
technologycompany, and six years as Chairman and director of RP Data - the leading property data and
valuationcompany in Australia. Most recently, Ted was Group Chief Executive Offìcer at Gulf Finance
HouseBSC, and a strategic advisor to a number of businesses, including Mahindra Group, one of lndia's
largestindustrial and technical companies.
Ted's executiveexperience spans a broad range of sectors represented within our Group - including
telecoms,industrials, flnance, media and technology. More specifìcally, the core functions Ted has
performed inhis career, including product sourcing and development, business network development and
supply chainmanagement, make him a natural fìt for Hills.
Forexample, in his time at Telstra, Ted was responsible for sourcing and deploying new
telecommunications technologyinto the Telstra network, managing the information technology platforms
overwhich the services were provided and forming strategic partnerships to deliver these services to more
customers. Thisincluded leading Telstra's push into internet access through BigPond and other
MahindraGroup is one of lndia's largest industrial conglomerates with business holdings in steel
production andproducts, automotive products, engineering services, telecommunication and lT services
and businessprocess outsourcing. As its Australian branch Advisory Chairman, Ted provides advice to
assist aspectrum of businesses across the Group on building reach and forging relationships with
Australian companies and governmentagencies. This experience will give him clear insights into the
opportunities within the Buildingand lndustrial Division.
Ted'srelevant experience in the sectors in which we operate promises to be of great benefit to Hills. While
he has worked with someof the largest companies in Australia and around the world, he has a strong
understandingof the drivers of success in smaller businesses similar to many of those across our Group.
Weare very pleased with his appointment and I know Ted is excited to be joining Hills as we enter a new
phase of growth.
Itis critical that our next phase of growth is grounded on a review of the strategic fit and profitability of our
existing businesses witha focus on the sustainability of our business models and the efficiency of our
supply chains. The Board looksfonruard to Ted undertaking this work and working closely with our Senior
Leadership Team and all of youto increase the rate of implementation of our growth strategies. Ted will be
visiting all of our operations early in his new role and you will have the chanceto meet him then.
Please be assured that whilethis marks a new era for Hills, we are very proud of our heritage and will
maintain our status as a leadingcorporate entity and employer in South Australia. Thank you for taking the
timeto read this note and we look forward to providing more information in the near future.