Original article by Jenny Wiggins
The Australian Financial Review – Page: 15& 20 : 9-Jul-14

Engineering firm UGL is seeking a new direction after the sale of its DTZ property services business. Chairman Trevor Rowe confirmed his retirement and will be replaced by Kate Spargo at the AGM in October 2014. Ross Taylor will also replace CEO Richard Leupen in October. Spargo plans to renew the board. The completion of the sale of DTZ will leave UGL with about $A500 million in cash. It will reduce its debt and return cash to shareholders

CORPORATES
UGL LIMITED – ASX UGL, DTZ AUSTRALIA PTY LTD, CALTEX AUSTRALIA LIMITED – ASX CTX, TRANSFIELD SERVICES LIMITED – ASX TSE, TABCORP HOLDINGS LIMITED – ASX TAH, ARGO INVESTMENTS LIMITED – ASX ARG, SONIC HEALTHCARE LIMITED – ASX SHL, FLETCHER BUILDING LIMITED – ASX FBU, HANG SENG BANK LIMITED, MTR CORPORATION LIMITED, TENIX PTY LTD, TPG CAPITAL LP, UBS HOLDINGS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED