Downer EDI Limited announced that Malcolm Ashcroft has been appointed as Chief Financial Officer, commencing by July 2023. Mr. Ashcroft is an accomplished leader with significant financial and senior executive experience in publicly listed entities covering the infrastructure services, construction, health, and education sectors. Mr. Ashcroft is currently Chief Operating Officer at G8 Education Limited.

Prior to that, he has held senior executive roles including as Chief Financial Officer at Healius Limited, Deputy Chief Financial Officer and Group Executive Transformation at CIMIC Group Limited, Acting Head of Finance and Risk at Sydney Metro and Senior Audit Partner at KPMG. Mr. Ashcroft is a Chartered Accountant and holds a Bachelor of Commerce from Newcastle University. He will take over from Michael Ferguson, who has held the position of CFO since October 2016.