Australian shipbuilding legend John Rothwell is to step down as as chairman of Austal Limited (ASX: ASB). He will be succeeded by former U.S. Secretary of the Navy Richard Spencer.
Rothwell, the architect responsible for the establishment of Austal, will now serve on the Austal board as a non-executive director. His retirement as chairman marks a significant milestone in the history of the, company having served in the position for 37 years since he founded Austal in 1987. In that time Austal...