Don Argus has quit as Brambles chairman and director. Deputy Chairman Graham Kraehe will replace Argus at the head of
Don Argus has quit as Brambles chairman and director. Deputy Chairman Graham Kraehe will replace Argus at the head of the logistics company’s board.
Kraehe has paid tribute to Argus for his role in building the CHEP pallet business.
“Don became chairman of Brambles in September 1999 and has provided strong leadership over the past eight years, through some of the most momentous changes in the company’s history,” he says in a statement.
“During his tenure, Brambles united the ownership of the CHEP business around the globe to create the world’s largest pallet pooling operator. We successfully faced and overcame a number of challenges which followed and have ensured that the group as a whole is now well placed to capitalise on significant growth opportunities in our businesses, CHEP and Recall.
“More recently, we have simplified our structure and successfully completed both the CEO succession and the implementation of a new management structure to support growth.”
Argus says Brambles has a highly talented management team, a growing global footprint and a strong balance sheet.
“Brambles is in a position of operational and financial strength and is extremely well placed for the future,” he says.
“I am proud to have been chairman of Brambles and am confident that, under Graham Kraehe’s leadership, the board has the strength and depth to continue to build on our achievements of recent years. I am confident that Mike Ihlein and his management team are well placed to accelerate growth and seize the considerable opportunities which are available to Brambles.”