Toll Group says it has announced that its chairman John Mullen AO has decided to retire at the end of June with Thomas Knudsen, Toll Managing Director replacing him.
The company made the announcement on Friday May 27 that John would be stepping down from its board.
It says its President Global Forwarding, Alan Beacham will succeed Thomas as Managing Director with the appointments taking effect on July 1 this year.
“With Toll’s performance firmly on the right track, a new strategy well underway, and a strong leadership team, now is an appropriate time to hand over the next chair to guide Toll to the next level of its growth,” John, says
“It has been an honour to serve as chairman through a time when Toll has successfully overcome so many complex challenges to continue its vital role in delivering for the community,” he adds.
Toll notes John joined its board as chairman in December 2016. It says he will continue to advise the board as a senior advisor after he retires.
“The Toll board would like to recognise the outstanding contribution of our retiring chairman, John Mullen,” Kazuhide Kinugawa, Japan Post CEO and Toll Board Director, says.
“Over the past six years as chairman, his business wisdom and deep industry expertise have been critical in transforming Toll’s business to the place of stability and opportunity it holds today,” he adds.
“John has been a trusted counsel for the Toll board and is held in the highest regard within Japan post. We thank him for his long and distinguished service to Toll and look forward to continuing to work with him in his new advisory capacity.”
John says Thomas as Managing Director has returned underlying growth to Toll while improving safety and reshaping the company strategy to accelerate global growth by divesting the company’s Express business.
“Thomas leaves a positive legacy having created the vision and strategy for ‘Toll 2.0’ and laying the foundations to deliver sustainable growth through a simpler business and a focus on customer-led innovation,” John says.
“On behalf of the board, I thank Thomas for his significant contributions and services to the company and am delighted that Toll will continue to benefit from Thomas’s experience in his new role as chairman.”
He says Alan is the right person to lead Toll Group because he is a values-driven leader with a strong command of the business and proven ability to drive strong results in challenging markets.
“Alan joined Toll in 2018 and faced into significant challenges to transform the Express business and deliver a significant turnaround in financial performance as the business battled intense global competition and high operating costs,” John says.
He notes that Alan had a successful 20-year career in a wide variety of senior managerial roles across Europe and Australia in the aviation, automotive and rail industries, and that he will be based in Singapore.
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