Allely has been CFO with the company for the last seven years, before taking on the interim CEO role following the departure of Brian Evans in January this year. His appointment comes after a two-month review of internal and external candidates.

“Allely has an excellent background in the industry, including three years with Fairfax,” the company said in a statement to the ASX. “He also has strong manufacturing experience, having worked with Boral, Tenix Defence and James Hardie.”

Allely has been given a three year contract which commences from last week, with an option on a further two years by mutual agreement.

“PMP is a fundamentally sound company that has strong potential to deliver value to both customers and shareholders and provide excellent opportunities for employees,” Allely said. “I have a clear view of the leadership team and the business needs required to meet that potential.”

The company said it will announce new appointments to the roles of CFO and Company Secretary soon, with Allely saying the company has “strong internal candidates for both positions”.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter