Silk Contract Logistics hints at public offering with new appointment

Paul Spottiswood, former Managing Director of 333 Capital, will join Silk Contract Logistics in the new role of CFO. Paul will report directly to Brendan Boyd, Managing Director.

“Paul has worked closely with us over the past five years and is intimately familiar with the business, its people and its growth, having advised on the original Silk Contract Logistics management buy-out and the more recent acquisitions and capital raisings. Paul’s extensive strategic, commercial, financial and legal experience will assist our business immeasurably as we embark on the next evolution of growth, including the possibility of an initial public offering (‘IPO’) on the ASX in the coming years,” Brendan Boyd, Managing Director, Silk Contract Logistics said.

In Paul’s 20 years of experience, he has worked on acquisitions, investments, international expansion and capital raising activities in an extensive and diverse range of businesses (locally and internationally) including Transurban, Macquarie Group, P&O Maritime Services and most recently 333 Capital.

“Silk Contract Logistics is well-placed to become the leading supply chain solutions provider in Australia in the coming years. But success will depend on our commitment to ‘institutional quality’, having high quality people in the right roles, leveraging technology as a key competitive advantage and using data and analytics to make better decisions than our peers,” Paul said.

Paul will join Silk Contract Logistics on 6th November.

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