Leighton CEO, CFO terminated

Marcelino Fernandez Verdes to replace Hamish Tyrwhitt, Hochtief sweetens bid.

Leighton Holdings (LEI) chief executive officer Hamish Tyrwhitt and chief financial officer Peter Gregg have had their positions at the company terminated, effective immediately, as majority shareholder Hochtief sweetens its offer to lift its holding in the construction group to $22.50 per share.

Mr Tyrwhitt will be replaced by Hochtief CEO Marcelino Fernandez Verdes, who has been appointed on terms and conditions to be determined by the board.

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