TRANSPACIFIC CEO RESIGNS

Written on the 12 May 2015

TRANSPACIFIC CEO RESIGNS

TRANSPACIFIC Industries Group (ASX:TPI) CEO Robert Boucher will leave the waste management company at the end of June.

TPI chief financial officer Brendan Gill will step into the role temporarily, after Boucher (pictured) returns to the US for personal reasons.

Chairman Martin Hudson says Boucher's tenure was invaluable and the board was disappointed to receive the resignation.

"Bob has achieved a great deal in the 18 months he has led Transpacific and I know that he was looking forward to seeing the results of his reform efforts come to fruition," Hudson says.

"He leaves the company in much better shape than when he commenced, and positioned for a return to growth over the medium to long term."

He says Boucher was instrumental in the acquisition of Melbourne Regional Landfill, stabilising the company's balance sheet and implementing a new pricing strategy.

Boucher says he will assist Transpacific until a permanent replacement has been found.

"This is a great company which serves its customers and local communities well, and I have been proud to lead it," Boucher says.

"I regret the need to leave for personal reasons at this time, but I will continue to be available to Brendan and the senior leadership team during the transition."

The board will conduct a global search process for a new CEO, and will consider both internal and external candidates.

Boucher will not receive any bonuses, severance or termination payments.


Latest News

SLATER & GORDON AND MAURICE BLACKBURN SHOWDOWN IN BELLAMY'S CLASS ACTION

FIERCE rivals Slater & Gordon (ASX: SGH) and Maurice Blackburn have secured funding for class actions against Bel...

WHY VIDEO IS A "GIVEN" FOR BUSINESS

IN TODAY's digital-driven world, video is king and if used right, it can push a company's brand and brand ...

BRAMBLES TUMBLES AFTER REDUCING GUIDANCE

BRAMBLES (ASX: BXB) will miss its first-half guidance due to cost pressures at its North America business.

The com...

VILLAGE ROADSHOW PARKS HURT BY DREAMWORLD TRAGEDY

QUEENSLAND visitors to Village Roadshow (ASX: VRL) theme parks have declined 12 per cent in the wake of four deaths a...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter