Industry News

Capral Aluminium Chairman to retire

Capral Aluminium Chairman, Rex Wood-Ward, has announced his retirement.

Wood-Ward joined Capral in 2008 as a non-executive Director, with an extensive background of 50 years in various industries across South Africa, the United Kingdom, the United States and Australia.

He later became Chairman in 2010, where he assisted the team with recruitment and, with the Board, ultimately help guide Capral to become the company it is today.

Wood-Ward told Trailer he has enjoyed his time at Capral immensely.

“It’s really been very rewarding from my point of view,” he said.

“I’ve really enjoyed working and watching management take control of the business, while doing intelligent, game-changing things for it.

“They’ve really turned the business around, and we’ve built a solid base going forward.”

Capral Aluminium Chairman, Rex Wood-Ward.

During his time as Chairman, Wood-Ward has been heavily involved with some of Capral’s biggest developments and growth strategies.

He oversaw Capral’s acquisition of OneSteel Aluminium in 2013, the company’s expansion into several different market segments, the revitalisation of its Bremer Park facility in Queensland and the recruitment of CEO, Tony Dragicevich.

Wood-Ward said Capral is in a very strong position, and he is confident it will continue to grow going forward.

“The Board and management are totally aligned with a very clear vision of where we’re going.” he said.

“It’s a great business in a tough industry, and I think we’ve come a long way in expanding and diversifying our markets.”

Wood-Ward’s departure will complete Capral’s commitment to Board renewal, following the replacement of three long serving independent non-executive Directors since 2020.

He will be retiring from the Capral Board at the conclusion the company’s Annual General Meeting on 8 May 2024.

Wood-Ward revealed the company is currently in the process of assessing his potential replacement as Chair of Capral.

“We will be making an announcement once we’ve got that finalised, but I have no doubt that it won’t be an issue.

“I don’t think there will be any hiccups, and I think it will be a very smooth transition. I’ll be helping as much as I am needed in making that happen.”

In other news, Capral has released its full year financial results for 2023.

The post Capral Aluminium Chairman to retire appeared first on Trailer Magazine.

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