Toll Group has announced a raft of changes among its executive tier.
Among the shakeup the global transport and shipping juggernaut confirmed that John Mullen AO was retiring from the Toll Board at the end of June 2022.
Toll’s Managing Director, Thomas Knudsen, will transition to the role of Toll Chairman.
Toll’s current President Global Forwarding, Alan Beacham, will succeed Knudsen as Managing Director.
Mullen said the time was right for new leadership and that Toll is well placed to deliver on its next phase of growth.
“Under Thomas’s stewardship as Managing Director, Toll has returned to underlying growth, improved safety, and reshaped the company strategy to accelerate global growth with the divestment of the Express business,” he said.
“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,” continued Mullen.
“On behalf of the Board, I thank Thomas for his significant contributions and service to the company and am delighted that Toll will continue to benefit from Thomas’s experience in his new role as Chairman.”
Mullen in a statement said Beacham was the right person to lead Toll Group into the future.
“He is a values-driven leader with a strong command of the business and proven ability to drive strong results in challenging markets. He brings a wealth of industry expertise and is well-placed to deliver on Toll’s future growth ambitions,” he concluded.
