Latest figures from international executive search specialist E.L Consult show that demand for executives in the ICT field has grown, bucking the overall declining trend for executive demand in the country.

Figures released by the company show that demand for ICT executives surged by 23 per in the August period, despite an overall significant downward trend in overall demand for executives.

E.L Consult's research indicates that the demand for ICT executives came from both private and government sectors, with the majority of the business sector's demand for executives coming from the ACT, New South Wales and Victoria. However, the other states and territories also showed a positive upwards trend in demand for ICT executives.

Mining giant Rio Tinto has announced that former BHP Billiton CFO Chris Lynch will be appointed to the company's board.

Federal Independent Senator Nick Xenaphon has slammed BlueScope’s executive remuneration after the company posted a $1 billion loss and slashed 1,400 jobs.

The Bank of Queensland has announced that Stuart Grimshaw will take the role of chief executive officer of the company after David Liddy departs the role.

Construction giant Leighton Holdings has announced the appointment of Stephen Johns as the company’s new chairman after the surprise resignation of chairman David Mortimer.

US security software giant Symantec has announced Brenton Smith as the new vice president of the company’s cloud computing business in the Asia Pacific region.

Jean-Pascal Beaufret, the chief financial officer of the National Broadband Network Co (NBN Co), has announced he will be stepping down from his position in January next year.

Telstra has bucked declining consumer spending and decreased business confidence to post $5.5 billion in free cash flow after the company announced strong sales momentum has pushed the company beyond its growth expectations.

Official interest rates are likely to hold steady until Christmas, according to National Australia Bank chief Cameron Clyne.

Despite a number of high profile executives leaving the company in the recent months, Fairfax chief Greg Hywood has voiced his confidence in his company’s robustness.

Hospitality giant Accor has announced the appointment of Ginni Ryan as its new public relations and communications executive.

The Government will be introducing amendments to the Corporations Act 2001 in the Spring Parliamentary sittings in an attempt to provide further certainty around aspects of the new executive pay reforms.

UniSuper’s CEO, Terry McCredden, has been awarded the Fund Executive of the Year award after “demonstrating exceptional leadership in the areas of advice, investment management, risk management”.

Software giant Symantec’s Australia arm has announced the departure of its Managing Director, Steve Martin, a month after he left the job.

Portfolio administration and managed account technology provider Praemium has announced that Michael Ohanessian will take the chief executive role after founder and current CEO Arthur Naoumidis steps down from his position.

Jetstar has announced it is considering relocating some of its senior management from Melbourne to an Asian centre in an attempt to follow the lucrative fast-growing markets in China and other parts of the region.

Myer Group has confirmed it has reached an agreement with Chief Executive Officer and Managing Director, Bernie Brookes, to extend his the term of his contract through to August 2014.

Toll Holdings has announced that its CFO, Brian Kruger, will take the Managing Director (MD) position as of 1 January 2012, replacing retiring MD Paul Little.

Chief executive officer of the Melbourne Convention and Exhibition Centre Leigh Harry has retired after 22 years of serving in the position to accept as chief executive of Tourism Victoria.

Woolworths’ director of food, liquor and petrol for Australia and New Zealand Greg Foran has quit the company four months after being passed over for the chief executive position.

A combination of rising inflation and falling economic growth has led to a sharp decline in the number of Australian executive jobs on offer, according to executive employment specialists E.L Consult.

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