Allegro Funds has announced the appointment of Christine Holgate as the future Group Chief Executive Officer of Global Express.
Holgate will lead the transition for the growing parcels and logistics organisation upon Allegro completing its acquisition from the owner, Japan Post.
Holgate says her appointment will help to support Global Express and Allegro’s existing logistical network.
“In recent times Global Express has faced challenges and there is lots of hard work ahead of us,” Christine says. “The combination of new funding, a focused local leadership team, a strong position in growing markets and the turnaround expertise of Allegro, will ensure the business is successful.”
Adrian Loader, a founding partner of Allegro Funds, says the appointment of Holgate will assist Allegro in transitioning with Toll Group.
“After completion, we will work hard to build an equally productive relationship with our suppliers, landlords and other business partners,” Adrian says.
Last month Allegro Funds announced it would acquire Toll Global Express from Japan Post, as well as commit funding of $500 million to support the company’s long-term growth.
After completion, Toll Global Express will cease being a division of Toll Holdings.