Industry News

Silk Logistics appoints CFO

Earlier this month Silk Logistics Holdings appointed a new Chief Financial Officer (CFO).

James Nicholias commenced the role on 8 January and brings more than 20 years of financial experience from industries including logistics and supply chain, recycling, banking and infrastructure.

He has held multiple roles at Bingo Industries from 2017 to 2022 including Acting CFO, Group Financial Controller and General Manager for Finance Transformation and Investor Relations.

Prior to that he was the CFO at Scott’s Refrigerated Logistics – appointed in September 2022, day zero of the reset and turnaround under private equity.

Nicholias has also worked in senior finance roles with Australian Turf Club, JP Morgan, Macquarie Group and Deloitte.

“We welcome James to Silk, and look forward to his contribution as the company plans its next phase of consolidation and growth,” said Silk Logistics Managing Director and CEO, Brendan Boyd.

He added that Nicholias will work through a transition program with outgoing CFO Brendon Pentland prior to his leaving around March 2024.

For FY2023 the business reported revenue of $486.6 million, a 23.8 per cent increase compared to FY2022.

As for mergers and acquisitions, the integration of Fremantle Freight & Storage is reportedly on track to complete within the first half of FY2024. Meanwhile, the takeover of Secon Freight Logistics should be complete by Q1 2024.

In other news, Arthur Tzaneros – ACFS Port Logistics Managing Director and CEO – said ‘just in time’ is an outdated model and ‘just in case’ should be the new norm.

The post Silk Logistics appoints CFO appeared first on Trailer Magazine.

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