Costa CEO Bolam bows out

Costa Logistics’ highly touted CEO shown the door after less than one year in the job

By Brad Gardner | February 11, 2010

Costa Logistics' highly touted CEO has been shown the door after less than one year in the job.

ATN understands Tim Bolam, who was brought in from the UK and appointed CEO in March last year to oversee an aggressive expansion plan, will finish this week.

There is no word from the company on what the departure means for its expansion plans.

The operator declined to comment when contacted by ATN, but Costa Managing Director Simon Costa last year said Bolam was the right man to lead the company.

"Tim’s expertise and positive attitude is the right combination to successfully develop our business for the future which will ensure customers receive the best service available," Costa said at the time.

"I’m confident he’s the right man for the job. He shares our values and will use our ‘people first’ foundation and his significant industry knowledge to strongly grow our logistics."

The page linking to information on Bolam has also been torn down from the company's website.

The news comes less than two months after Bolam led Costa’s failed attempt to buy the stricken carrier, Mannway.

Negotiations broke down because administrators and Costa could not reach a deal.

Bolam had the task of tripling Costa’s current annual revenue of $95 million over the next three years.

During his tenure, he secured warehouse and distribution deals with Parmalat and Simplot.

Costa Logistics is a division of the Costa Group, one of Australia’s largest, diversified family companies.

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