Mr Hassen’s finished up with the company on 15 May, although he has agreed to assist the company with transition management issues after this date, to the extent necessary.
Mr Hassen said, “I am proud of what I achieved and built at ShieldLiner and look forward to the invariable new challenges and opportunities that the future will bring.”
As an interim measure, Trevor Gosatti has been appointed Company Secretary and Acting Managing Director.
ShieldLiner Chairman Jim McDonald said, “Mr Hassen has led ShieldLiner since its incorporation and will be leaving with the sincere thanks of the Board for his efforts in representing the interests of all ShieldLiner shareholders during the Company’s formative years and we wish him well in his future endeavours.”
Article continues below…“Under Mr Hassen’s leadership, the ShieldLiner technology has been developed to the point where we are confident it will deliver a practical commercial tool which will enable competitive in-situ repair of damaged or corroded sewerage, water and storm water pipelines, with worldwide application.”
“Additionally, ShieldLiner has been appointed exclusive distributor for Australia and New Zealand for the range of fibreglass re-enforced epoxy pipes and fittings manufactured by Fiberglass Systems LP of San Antonio, Texas. ShieldLiner has also moved to 100 per cent ownership of Premium Pipe Services under Mr Hassen’s stewardship. Both these initiatives will result in cash-flow positive business units which will enable ShieldLiner to deliver benefits to shareholders, as well as complete the development of the ShieldLiner tool,” Mr McDonald said.
“Mr Hassen is to be congratulated for his contribution and leadership on these initiatives and in establishing the team necessary to position the company to move forward and build an integrated pipe services business, providing a range of Trenchless Technology solutions and also pipe supply, installation and associated services.”
Mr Hassen and his wife Leonie spent the weeks following his departure from ShieldLiner travelling around Europe, and Mr Hassen now has plans to undertake business consulting opportunities through his family consulting company, Hasman Consulting Pty Ltd.
