The Chairman of ERG Group, Mr Tony Shepherd today announced that DrAllan Sullivan has commenced as the Chief Executive Officer of ERG. Dr
Sullivan replaces Mr Peter Fogarty who announced his intention to stand
down following an accident in mid 2003. The transition was foreshadowed
in an announcement on 23 October 2003.
Dr Sullivan’s most recent role was as a member of the Siemens Building
Technology Executive Board and Global Head of the Siemens HVAC Products
Division based in Switzerland. Dr Sullivan had responsibility for 3,500
employees and his division reported net sales of US$700 million in
fiscal 2003. His summary CV is attached.
Dr Sullivan will be appointed an executive director of the ERG Group,
replacing Mr Fogarty who has also resigned from the Board. Mr Fogarty
will continue to consult to the Company.
ERG Chairman, Mr Tony Shepherd said “Allan Sullivan brings more than 30
years of international experience in engineering and technology
companies. We believe his experience will be invaluable to ERG with our
current focus on the profitable and timely delivery of our current large
portfolio of projects.
Mr Shepherd confirmed there would be no change in the Company’s strategy
of securing smart card based ticketing projects that deliver appropriate
positive returns to shareholders.
The ERG Group is a world leader in the development and supply of
integrated fare management and software systems for the transit
industry, and for its smart card systems and services. The Group has
installed systems in major cities throughout the world including Hong
Kong, Melbourne, Rome, San Francisco and Singapore with installations in
progress in Gothenburg, Seattle, Stockholm, Sydney and Washington DC.
ERG has delivered systems that support more than 20 million smart cards
in circulation and handle approximately 5 billion transactions per
annum. ERG is an Australian-based company, listed on the Australian
Stock Exchange and employs 800 people in 11 countries.