March 26 (Reuters) - Environmental Group Ltd EGL.AX :
* ENVIRONMENTAL GROUP LTD- ANDREW ARAPAKIS WILL NO LONGER BE JOINING COMPANY AS CEO
* ENVIRONMENTAL GROUP LTD - TO ELECT ELLIS RICHARDSON AS INTERIM MANAGING DIRECTOR
* ENVIRONMENTAL GROUP LTD - WITHDRAWS PREVIOUS EARNINGS GUIDANCE ON 18 FEB
* ENVIRONMENTAL GROUP LTD - DIRECTORS OF CO WILL FOR DURATION OF PANDEMIC RECEIVE HALF USUAL DIRECTORS FEES
* ENVIRONMENTAL GROUP LTD - THESE CHANGES IN CONJUNCTION WITH OTHER COST REDUCTION MEASURES WILL DECREASE CORPORATE OVERHEADS BY OVER $0.7MLN
* ENVIRONMENTAL GROUP- EXPECTS A COST EXAMINATION EXERCISE TO RESULT IN FURTHER ADDITIONAL SAVINGS IN OVERHEAD AND OPERATIONAL EXPENDITURES OF OVER $1M
* ENVIRONMENTAL GROUP LTD - FOR TAPC UNIT, LOOKING TO DIVERT STAFF WHERE POSSIBLE TO UNITS THAT HAVE GAINED NEW CONTRACTS TO PROTECT CORE EXPERTISE