Mining News

Takeovers Panel steps into DRA tussle

Dual listed project management and operations management group DRA Global went into a trading halt on Tuesday, with Australian Takeovers Panel declaring ‘unacceptable circumstances’ around a management tussle within the company.

In its declaration, the Takeover Panel pointed out conduct of senior executives Alistair Hodgkinson, Darren Naylor and James Smith, and former executive Brian Downding, in planning operational changes to the DRA management and board composition, which included removing MD and CEO Andrew Naude and chairperson Peter Mansell.

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