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Home News

Ventia appoints successor to Dean Banks

by Staff Writer
June 25, 2026
in Australasia, Contract awards, Government, Microtunnelling, News, Oil, gas and energy, People on the Move, Transport, Ventia, Water
Reading Time: 2 mins read
A A
Ventia's new CEO Mark Ralston.

Mark Ralston. Image: Ventia

Ventia Services Group has announced Mark Ralston as Managing Director and Group Chief Executive Officer, effective 1 September 2026.

The appointment follows an extensive internal and external succession process.

Ralston is an experienced senior executive with deep knowledge of Ventiaʼs operations, customers and markets, developed through leadership roles across the business.

During his 12 years at Ventia, Ralston has held multiple executive positions spanning Enterprise Strategy, Mergers and Acquisitions, Telecommunications and, most recently, leading Ventiaʼs largest sector, Defence & Social Infrastructure.

Ralston will work closely with the current Managing Director and Group Chief Executive Officer, Dean Banks, over the coming months to support an orderly and seamless transition ahead of 1 September 2026.

“Mark is a highly capable leader with a deep understanding of Ventiaʼs business, our customers and the sectors in which we operate,” said Ventia Chairman David Moffatt.

“He has made a significant contribution to the companyʼs performance and strategy to date and is well positioned to lead Ventia through its next phase.

“Markʼs appointment reflects the strength of our internal leadership and will ensure continuity in the execution of Ventiaʼs strategy and ongoing focus on delivering for our customers and shareholders.ˮ

Moffatt, acting on behalf of the Board, also acknowledged outgoing CEO Banks’ leadership over the past five years.

“Dean has strengthened the business operationally, strategically and culturally, and positioned it strongly for the future,” he said in a statement.

“The Board looks forward to continuing to work with him as he supports the leadership transition.ˮ

Incoming Managing Director and Group Chief Executive Officer, Mark Ralston, said he was honoured to lead Ventia at this point in its journey.

“We have a strong business, a clear strategy and a talented team, and I am excited to lead the next phase of delivery and growth,ˮ he said.

Banks said it had been his privilege to lead Ventia.

“I am proud of what we have achieved. I am particularly pleased to see Mark appointed as my successor,” said Banks.

“He brings deep knowledge of the business, developed through his experience across Ventia, and I am confident he will lead Ventia well into the future.ˮ

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