Logistics giant Brambles has announced its Chief Financial Officer, Greg Hayes, has indicated his intention to retire from the company. Mr Hayes will step down from the company’s Board in October, but will remain in his CFO position until March next year to facilitate a smooth transition to his successor.

 

“Greg came out of retirement to join us in November 2009 and has been an excellent CFO, playing an important role in the successful operations of the company and, in particular, the development of our strategy to expand our global pooling solutions operations, including the acquisition of IFCO System,” Brambles Chairman Graham Kraehe said.

 

Brambles CEO, Tom Gorman, thanked Mr Hayes for his service.

 

“Greg, who had been considering retirement for some time, has now confirmed his intentions. Given our understanding of the possibility that Greg would retire this year, we are already advanced with a leading executive search firm in assessing both internal and external candidates to succeed Greg,” Mr Gorman said.