Industry News

Silk Logistics Holdings MD and CEO steps down

Silk Logistics Holdings has announced that Managing Director and CEO, Brendan Boyd, has decided to retire from his current executive role due to medical reasons.

Boyd will step down as Managing Director and CEO today but will continue to support and advise the company, providing stability and a valuable source of customer, industry and operational knowledge as he transitions to a non-executive Director role.

“On behalf of the Board, I would like to extend our appreciation to Brendan for his exemplary service to this company over the past 13 years,” said Silk Logistics Holdings Chair, Terry Sinclair.

“As co-founder and CEO, he successfully guided the company through a prolonged period of growth and transformation.

“We will continue to value and benefit from Brendan’s ongoing presence and the depth of experience and the insights that he is able to provide, as a non-executive Director.”

Accordingly, the Board also announced that co-founder and current Executive Director and Chief Customer Officer, John Sood, will be Boyd’s successor.

Soods’ appointment as Managing Director and CEO will be effective immediately.

“Brendan’s early retirement triggers the Boards’ established succession plan, which will see John transition seamlessly into his new role as Managing Director and Chief Executive Officer,” Sinclair said.

“John brings exceptional sector experience, having worked alongside Brendan through all the company’s key milestones from the company’s inception, including its 2021 Initial Public Offer.

“Silk’s priority remains the continued growth and success of the company and our succession plan ensures our strong leadership team will continue to guide the company in order to meet its strategic goals.”

In other news, the Australian Government has announced an additional $750 million in funding towards the delivery of Camerons Lane Interchange to help progress the Beveridge Intermodal Precinct in Victoria.

The post Silk Logistics Holdings MD and CEO steps down appeared first on Trailer Magazine.

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