UGL chief staying on

UGL chief executive Richard Leupen has had his contract extended for 13 months as the company moves to split its engineering and property businesses. Mr Leupen would have stepped down in March but will now stay until April 2015. His extended contract includes fixed remuneration of $2.08 million a year, plus a $1.5 million strategic incentive fee.

By InvestSMART · 3 Oct 2013

By InvestSMART ·
3 Oct 2013

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Frequently Asked Questions about this Article…

Who is Richard Leupen and what announcement did UGL make about him?

Richard Leupen is the chief executive of UGL. The company announced his contract has been extended for 13 months as it moves to split its engineering and property businesses.

How long is the UGL CEO contract extension and what are the new dates?

UGL extended Richard Leupen's contract by 13 months. He would have stepped down in March (as the article states) but will now remain in the role until April 2015.

Why did UGL extend the CEO's contract?

According to the article, UGL extended Richard Leupen's contract to provide leadership while the company moves to split its engineering and property businesses.

What remuneration is included in Richard Leupen's extended contract?

The extended contract includes fixed remuneration of $2.08 million a year plus a $1.5 million strategic incentive fee, as reported in the article.

Does the article explain what the $1.5 million strategic incentive fee covers?

No. The article states the extended contract includes a $1.5 million strategic incentive fee but does not provide details on the specific conditions or criteria for that fee.

What does the leadership extension mean for investors watching UGL's business split?

The article indicates UGL has kept its CEO in place through the planned split of engineering and property businesses, which suggests the company is prioritising leadership continuity during that transition.

Was Richard Leupen due to step down before this extension?

Yes. The article says he would have stepped down in March, but his contract has been extended so he will now stay until April 2015.

What should everyday investors track next after this UGL announcement?

Based on the article, investors should watch for further updates from UGL about the planned split of its engineering and property businesses and any additional details about leadership plans or executive remuneration disclosures.