# Michael Finnegan

Managing Director and Chief Executive Officer

## Career chronology

- **Mining and operational executive; CEO since November 2016 and managing director since October 2019.: Macmahon Holdings Limited** — Managing Director and Chief Executive Officer. [Annual Report FY2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03122009-6A1338897>) (physical PDF p. 42, executive biography); [CEO resignation and appointment](<https://announcements.asx.com.au/asxpdf/20161017/pdf/43c0t2nrsb698w.pdf>) (p.1 CEO appointment and 2014 joining); [Board and management](<https://www.macmahon.com.au/about/board-and-management/>) (Michael Finnegan biography, CEO since 2016 and MD since October 2019)

## Education and qualifications

### Qualifications and verification [mah_finnegan_education]

Education dates not established · issuer reported · low materiality

The issuer’s 2016 appointment announcement reports a Bachelor of Science (Mining) from the Western Australian School of Mines; its FY2026 annual report also repeats BSc (Mining) in the board biography. The degree has not been independently verified with the institution.

**Attribution:** Responsibility not applicable. Issuer or professional biography reports qualifications; no direct independent verification is implied.

**Relevance:** Relevant to assessing professional preparation.

[Annual Report FY2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03122009-6A1338897>) (physical PDF p.38 (printed p.36), Finnegan board biography and qualifications); [CEO resignation and appointment](<https://announcements.asx.com.au/asxpdf/20161017/pdf/43c0t2nrsb698w.pdf>) (p.1, Additional information: Michael Finnegan)

## Contributions and company outcomes

### FY2026 company results [mah_finnegan_company_success]

FY2025–FY2026 · documented · medium materiality

Macmahon reported revenue of A$2.619bn and statutory net profit of A$101.135m in FY2026 versus A$2.427bn and A$73.944m in FY2025. This is a consolidated company outcome, including acquisitions, not evidence of personal contribution.

**Attribution:** Role overlaps event; causation unproven. The executive held a senior role during the period; individual causal contribution is not isolated.

**Relevance:** Shows company-level financial delivery during the role.

[Annual Report FY2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03122009-6A1338897>) (physical PDF p.150 consolidated income statement)

## Business failures and setbacks

### Calidus administration and impaired receivable [mah_finnegan_calidus]

June–August 2024 · issuer reported · medium materiality

Macmahon reported that client Calidus entered administration in June 2024 and its Warrawoona operations entered care and maintenance. Macmahon fully impaired an A$31.8m receivable at FY2024; management then expected a possible route to recovery through the receivers’ sale or recapitalisation process. Final recoveries are not established here.

**Attribution:** Role overlaps event; causation unproven. A senior executive held the stated position; neither the client failure nor the impairment establishes personal responsibility.

**Relevance:** Material counterparty and credit-risk outcome during the executive team’s tenure.

[Macmahon annual report 2024](<https://d2dycffe7xo3vi.cloudfront.net/app/uploads/2024/08/Annual-Report-2024-web.pdf>) (printed pp.18 and 24, Warrawoona and financial review)

## Industrial safety

### Fosterville fatality and ongoing investigation [mah_finnegan_safety]

December 2025–October 2026 · documented · high materiality

A Macmahon employee died in a 5 December 2025 underground event at Fosterville. The chair said at the 23 October 2026 AGM that investigations were ongoing. The issuer reported FY2026 TRIFR 1.98 versus 2.99 in FY2025; this metric does not offset the fatality.

**Attribution:** Role overlaps event; causation unproven. The person held a group or underground leadership role during the event; sources do not establish individual causal responsibility, specific site actions, or a final investigation outcome.

**Relevance:** Material to oversight of workplace safety.

[Underground mine event](<https://www.macmahon.com.au/news/fosterville-underground-mine/>) (5 December 2025 company statement); [FY2026 AGM transcript](<https://stockanalysis.com/quote/asx/MAH/transcripts/757146-agm-2026/>) (chair remarks on Fosterville and ongoing investigation); [Annual Report FY2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03122009-6A1338897>) (physical PDF p.18 CEO safety and FY2026 rates)

## Governance and interests

### FIFO harassment inquiry and company response [mah_finnegan_governance]

2021 and subsequent company-reported programs · documented · high materiality

In 2021 the WA parliamentary inquiry heard company evidence about harassment reports and company procedures. Finnegan acknowledged prevention and screening had failed female workers; the company reported changes to screening, reporting and roster practices. Its written response identified HR investigations reporting to people GM Nicola Hamilton. This concerns organisational controls; it is not a personal harassment finding.

**Attribution:** Individual involvement documented. Finnegan personally gave the cited testimony; Hamilton appeared and was responsible for the reported HR reporting line. No source identifies either as a perpetrator.

**Relevance:** Relevant to workforce governance and company prevention controls.

[Macmahon evidence on sexual harassment](<https://www.abc.net.au/news/2021-11-10/macmahon-tells-fifo-sex-harrassment-inquiry-it-failed/100609740>) (10 November 2021 inquiry evidence and company response); [Macmahon responses to FIFO inquiry](<https://www.parliament.wa.gov.au/Parliament/commit.nsf/%28Evidence%2BLookup%2Bby%2BCom%2BID%29/E4F5CA59E2E070584825878F00070962/%24file/20211201%2B-%2BFIFO%2B-%2BQuestions%2Btaken%2Bon%2Bnotice%2B-%2BMr%2BMick%2BFinnegan%2BMacmahon%2BHoldings%2BLimited_Redacted.pdf>) (pp.1–2 written answers and reporting line); [Annual Report FY2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03122009-6A1338897>) (physical PDF p.58 Respect@Macmahon reporting)

## Suitability for the current role

### Role-relevant professional experience [mah_finnegan_role_fit]

Through 2026-10-31 · analyst inference · low materiality

As an analytical inference, the reported experience is relevant to managing director and chief executive officer: Mining and operational executive; CEO since November 2016 and managing director since October 2019. The degree of individual contribution to past company outcomes is not established.

**Attribution:** Responsibility not applicable. Analytical assessment based on disclosed career; it is not a finding of personal delivery or misconduct.

**Relevance:** Matches documented experience to the role.

[Annual Report FY2026](<https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03122009-6A1338897>) (physical PDF p. 42, executive biography)

## Evidence gaps

- Independent verification of education, credential status, full prior-employer tenures and individual outcomes is incomplete.

- Focused public-source screening is not a comprehensive court, regulatory, criminal, sanctions or credential check; some historical employer records and local-language sources were not reviewed.

- The completed Fosterville investigation, cause and individual responsibilities were unavailable through the cutoff.

- Final recoveries on the Calidus receivable and individual decision-making are not established.
