Australian logistics provider Qube Holdings has announced the chair of its board will retire from the position later this year, with his successor already being named.
Allan Davies is set to depart the company’s board once Qube’s 2025 Annual General Meeting wraps up on November 20 this year after revealing he won’t seek re-election.
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Following a formal chair succession process led by non-executive director Jill Hoffmann, the board has chosen John Bevan to succeed Davies as chair with unanimous support.
Davies was a founding director of Qube and was first appointed as director on August 26, 2011, while he was elected chairman on June 23, 2017.
“Serving as the chairman of Qube for the past eight years has been an enormous privilege and I am grateful to shareholders and my board colleagues for the support I have received during my tenure,” Davies says.
“I stepped into the role in the same year that Qube acquired its 50 per cent interest in Patrick and 100 per cent of AAT. Moorebank was just beginning construction, and our market capitalisation was $3.75 billion.
“Through a relentless focus on our strategy to diversify by geography and market, the business has grown significantly over that time, with a strong balance sheet, a significant growth pipeline and a very positive outlook.
“I am delighted that the board has elected John Bevan as my successor and I look forward to working closely with him in the months ahead as he transitions into the role.”
Bevan was appointed as a director of Qube on January 1 this year and brings extensive executive and non-executive experience to the Qube board.
This includes as the former Chief Executive Officer and executive director of Alumina Limited and from a variety of executive and senior management positions over a more than 25 year career with the BOC Group Plc, in Australia, Asia and the United Kingdom.
Bevan has also previously served as a non-executive director of Alumina Limited, Nuplex Industries, BlueScope Steel Limited and Ansell Limited and was chair of BlueScope Steel Limited from 2015 to 2023 and of Ansell Limited from 2019 to 2023.
He currently serves as a non-executive director of Alcoa Corporation and Balmoral Iron Pty Limited.
“I am honoured to have been elected by my peers to succeed Allan as chair of Qube,” Bevan says.
“Allan leaves a remarkable legacy at Qube, having played a significant role in the development and growth of the business since its inception in 2011. Under Allan’s leadership, Qube has evolved into a highly diversified, multinational business, and a true Australian success story.
“As incoming chair, I look forward to working with the board and management to continue that strong track record of evolution and growth as we strive to keep delivering the exceptional customer service we are known and respected for, and to create value for our shareholders.”
