The Board of Austin Engineering Limited is pleased to announce the appointment of Sybrandt (Sy) Van Dyk as the Company’s new Chief Executive Officer (CEO) and Managing Director.
Van Dyk will succeed David Singleton, who is set to retire on 30 June 2025. The transition period will commence on 1 May 2025, with Van Dyk officially stepping into his new role on 1 July 2025.
Van Dyk, an experienced executive in the financial and resources sectors, has served as a Non-Executive Director of Austin since 2018.
He currently holds the position of President of ASX-listed Perenti Ltd’s Drilling Services Division and was formerly the CEO and Managing Director of DDH1 Ltd prior to its acquisition by Perenti in late 2023.
His extensive background includes roles as CFO and later CEO and Managing Director of Macmahon Holdings, and nearly 13 years at WesTrac, where he served as COO (WA), CFO, and acting CEO.
Austin Engineering Chair Jim Walker expressed the Board’s enthusiasm for Mr. Van Dyk’s appointment, highlighting his deep understanding of Austin’s business strategy and significant executive leadership experience in large, globally focused companies.
“The Austin Board is thrilled to have secured Sy as the Company’s next CEO and Managing Director,” said Walker.
“Sy has significant ASX executive leadership experience in large, globally focused, customer facing companies. He also has the necessary operational and sector credentials to continue to build and grow the Company.”
Walker added, “David has allowed a long lead time for his departure at the end of the next financial year, and ample time to hand over responsibilities to Sy.”
Walker also acknowledged the contributions of outgoing CEO David Singleton. “David has allowed a long lead time for his departure at the end of the next financial year, and ample time to hand over responsibilities to Sy.”
“I would like to, once again, acknowledge David’s many achievements at Austin in vastly improving the Company’s financial and operational performance over his tenure. David will continue these efforts through FY25, and we are confident Sy will continue David’s work in bringing a strong commercial and operational focus to the business.”
Van Dyk expressed his excitement about his new role and commitment to continuing Austin’s growth.
“I am delighted to be given the opportunity to lead Austin from FY26. David has built Austin to be a fully integrated, global business, and I will be steadfast in my focus on continuing that work.”
“I will bring my expertise in operational performance and customer focus to ensure Austin remains the global market leader in customised heavy haulage mining equipment,” Van Dyk noted.
Van Dyk’s biography and details of his employment terms are provided in Appendix A. His remuneration arrangements will take effect on 1 May 2025.
