Allely has been given a three year contract that commenced April 1, which can be extended by a further two years by mutual agreement. The remuneration package includes an annual salary of $815,000.

PMP outlines that Allely has been the successful CFO at PMP for the past seven years and therefore has a good understanding of PMP’s business, the markets it operates in and the issues the group is facing.

Allely, who has been acting CEO since the sudden departure of former boss Brian Evans, says PMP is a fundamentally sound company that has strong potential to deliver value to both customers, shareholders.

Allely continues, “I have a clear view of the leadership team and the business needs required to meet that potential. I will be relentless in pursuing high value business and delivering customers service excellence.”

PMP will announce new appointments to the roles of CFO and company secretary in the near future with Allely saying the group has strong internal candidates for both positions.

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