Austal Ltd. founder John Rothwell depicts ousted Austal USA President Craig Perciavalle as man who 'made a mistake' but who wasn't motivated by personal benefit.
John Rothwell, right, the founder of Australian shipbuilder Austal Ltd., speaks during a visit to the Austal USA shipyard in Mobile on Dec. 4, 2024. At left is Richard Spencer, a former U.S. Secretary of the Navy who is Austal's new chairman.Longtime Austal Ltd. leader John Rothwell has described the former Austal USA president facing federal charges as “a proud man” who didn’t personally benefit from the alleged wrongdoing.
Austal USA began building the Independence-class LCS in 2006, ramping up into full series production after 2010. Investigators have said that as man-hours and other costs crept far over budget around 2013, Perciavalle and other top executives at Austal USA concealed the problem from higher-ups at Austal Ltd. When it came to light in 2016, Austal Ltd. had to absorb an unexpected loss, and the handling of this news provoked an investigation by the Australian Securities and Exchange Commission.
On Wednesday, Rothwell professed himself to be a little nonplussed by the tag-team prosecution by Australian and U.S. authorities. “It was a little bewildering for me,” he said.
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