Kentz Corporation Limited (KENZ.L), the holding company of the Kentz engineering and construction group, said Friday that Ed Power, Chief Financial Officer will step down from his position, on reaching his normal retirement age, on 29 May 2014.<br /><br />So, the company said that Ed Power will not stand for re-election at the next Annual General Meeting on 16 May 2014, and will retire as Executive Director.<br /><br />The company also announced that Meg Lassarat will succeed Ed Power as Chief Financial Officer upon his retirement at the end of May, and will be appointed to the Board of Kentz Corporation Limited thereafter.<br /><br />Meg has over 20 years of global financial experience and has been instrumental in driving growth, identifying strategic alternatives and delivering positive bottom-line results in her career to date. Meg's previous roles include senior finance positions within the energy and resource sector since qualifying as a Certified Public Accountant in the U.S. in 1989.<br /><br />Most recently, Meg was CFO of UniversalPegasus International a Houston based professional engineering and field services organisation. Prior to this role, Meg spent eight years as CFO of Mustang Engineering, a part of the Wood Group.<br /><br />The company stated that Ed will remain with Kentz through to August 2014 to support Meg in her transition.