Resignation of Ian Ball and appointment of Susan Reisbord as CEO and Managing Director

05 November 2019

Cardno Limited (ASX: CDD) (Cardno or the Company) advises that the Board has accepted the resignation of Mr Ian Ball, its Chief Executive Officer and Managing Director, effective immediately. Mr Ball is succeeded by Ms Susan Reisbord.

Michael Alscher, Cardno’s Chairman, said, “The recent demerger of Intega Group Limited from Cardno means that Cardno is now smaller and less complex than the company Ian originally joined. As a result, Ian has decided to step down as CEO to allow him to pursue other opportunities. On behalf of the Board, I’d like to thank Ian for his contribution to Cardno during his time as CEO and I would like to wish him well in his future endeavours”.

Ms Reisbord has been appointed Chief Executive Officer and Managing Director of Cardno effective immediately.

Ms Reisbord is a 30 year industry veteran across consulting science, engineering and construction. Prior to joining Cardno in 2015, she was a senior executive with GHD where she was the CoChairman of the North America Executive Committee, an organization of more than 4000 staff specializing in engineering, environmental and construction services in the USA and Canada.

Ms. Reisbord spent 16 years of her career at MWH Global Inc (now part of Stantec) and during her tenure, MWH Global was a leading global water and natural resources firm providing engineering and consulting services, with approximately US$1B in revenue, more than 6000 employees and operations in 35 countries around the world. Starting with MWH as a Senior Project Manager, Ms Reisbord became Global Client Service Manager for a Fortune 5 company, managing complex environmental programs around the world. At MWH she also served as the Director of Strategic Planning for the Americas Region and eventually launch leader for The Montgomery Group, a global business unit providing advisory services for both public and private sector clients.

Since joining Cardno in 2015, Ms. Reisbord has led the turnaround of the Americas Region as the President of the Science & Environment Division and CEO of the Americas Region. She has a proven track record of strategic leadership driving profitable growth across diverse market sectors, serving both public and private sector clients.

Ms. Reisbord holds a Masters of Physical Sciences (Geochemistry) from the University of Chicago and a Bachelor of Science (Geology) from the University of Cincinnati. Ms Reisbord will be based in the US to reflect Cardno’s growth plans and market opportunities, while travelling to meet the demands of our global business.

Mr Alscher welcomed Ms Reisbord’s appointment and expressed that he is looking forward to working with Susan going forward.




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