The Managing Director at Toll Group has announced his resignation.
After seven years with the organisation, Alan Beacham announced he was leaving the role effective 1 July 2025.
Beacham, who ascended to the Managing Director position in 2022, described his three years at the helm as the most challenging and rewarding of his career.
“The board asked me to guide the company through challenging times, including stabilising, recapitalising and rebuilding the business in the aftermath of two cyberattacks and the impact of COVID-19,” he said in an online statement.
“We did this by turning around the performance of the Australian business, strengthening the balance sheet and implementing key initiatives for growth in Asia.
“As we come to the end of our current five-year plan, and turn our attention to the next five year plan, I have agreed with the Board that now is the right time to find the next Managing Director to lead the company forward into its next phase.”
Beacham pointed to the progress the company had made in safety, engagement and profitability during his tenure as managing director.
Thomas Knudsen, the current chair, has been appointed Executive Chairman in the interim to provide continuity while the Board concludes the search for a new Group Managing Director.
“I feel privileged to have led the wonderful people of Toll and express my deepest gratitude to the board, our loyal customers and all Toll employees. I wish you every success for the future,” said Beacham.
In other news Lindsay Australia has acquired a successful Tasmanian logistics provider.
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