Austin announces replacement for outgoing CEO

The board of mining equipment business Austin Engineering has announced Sybrandt (Sy) Van Dyk to replace outgoing CEO and Managing Director David Singleton, who is scheduled to end his roles on June 30, 2025.

According to a statement from Austin on Tuesday, a handover period will begin on May 1 next year, with Van Dyk to officially begin as CEO and Managing Director on July 1. Van Dyk has served as a non-executive director at the company since 2018

Chair Jim Walker said the incoming CEO “is intimately involved with Austin and its business strategy through his six years as a Non-Executive Director on the Austin Board” and that Singleton “has allowed a long lead time for his departure at the end of the next financial year, and ample time to hand over responsibilities”.

Van Dyk is described in the statement as an experienced financial and resources industry executive. His previous roles include CFO and then CEO and Managing Director of ASX-listed Macmahon Holdings, as well as COO (WA), CFO, and acting CEO at WesTrac. 

He is currently President of ASX-listed Perenti’s  Drilling Services Division, and was CEO and Managing Director of DDH1 Drilling prior to its acquisition by Perenti in late-2023

Singleton’s scheduled departure was announced at the beginning of the month.

The outgoing CEO and Managing Director joined the company as a non-executive director in 2019 and became CEO in July 2021.

Picture: Austin Engineering

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