Peter Hutchinson

GETTING value for money is a subjective matter when it comes to assessing executive pay.

Engineering and construction firm Forge Group is searching for a new managing director, after its current boss, Peter Hutchinson, stepped down in a move he says will drive the company's next phase of growth.

Forge Group has announced boss Peter Hutchinson will be replaced by former Woodside executive David Craig as non-executive chairman.Mr Craig said the change was of a deliberate and planned transition for the company as it seeks to expand and diversify.

Prendiville chairs Tourism WA

IF only all company directors could go out on such a high.Five years after establishing Forge Group, Peter Hutchinson and Andrew Ellison are leaving the business.

Harding leads Rio iron ore

Investors who kept their money in Australia's top blue chip stocks enjoyed great returns in the 2012-13 financial year.The S&P/ASX 200 index gained 17.3 per cent last year, as the big banks, the major retail groups and Telstra enjoyed strong share price gains.

In hindsight, Forge Group founder Peter Hutchinson was unwittingly prophetic when he spoke to Business News in June 2012, on one of his last days at the company. Explaining his decision to hand the reins to more experienced managers, Mr Hutchinson said he wanted to ensure Forge didn’t enter the “graveyard of mining services contractors that have come unstuck”.

Resource Equipment director Andrew Aitken has accepted Pump Services’ $115.5 million takeover offer, giving the US-based firm majority control over the mining equipment provider.

Forge Group founder Peter Hutchinson is planning to move into agribusiness, with ASX-listed Style announcing the $20 million acquisition of Nor-West Seafoods.

A listed company led by Forge Group founder Peter Hutchinson and former AFL footballer James Clement has announced its second acquisition this year, adding Craig Mostyn Group’s food services division to an earlier seafood deal.

Style chairman Peter Hutchinson has boosted his fledgling seafood business with the recruitment of experienced agribusiness executive David Lock as managing director.

South African fishing company Sea Harvest Group has committed to take its maximum possible entitlement under a planned $16 million-plus capital raising by Perth company Style.

A local seafoods business led by Peter Hutchinson and David Lock has had a positive debut on the ASX, after raising over $18 million from investors and completing a major corporate restructure.

The board of local seafoods business Mareterram intends to accept a $19.7 million proportional takeover offer from the company’s largest shareholder.

Seafood business Mareterram has announced a leadership reshuffle following the retirement of chairman Peter Hutchinson.

Adrian Byass has resigned as non-executive director of Corazon Mining to focus on the increasing workload associated with European project development.