Overview
- Pherous retired from his executive and board roles and will remain as a paid adviser for six months under a consulting agreement.
- Ana Pedersen, previously chief commercial officer, was appointed acting chief executive as the company begins a search for a permanent successor.
- CTM shares stay suspended on the ASX after auditors flagged irregularities tied to UK contracts and the company signalled it must restate recent accounts.
- The UK Home Office confirmed it was told it had been overbilled and opened an inquiry, while KPMG conducts a forensic review following concerns raised by Deloitte.
- The disputed UK work includes asylum-seeker accommodation such as the Bibby Stockholm barge, and investors still have no timetable for updated accounts or trading to resume.