Bapcor puts CFO Meehan in most senior role


Company in accelerated parting with former top executive Abotomey

Bapcor puts CFO Meehan in most senior role
Noel Meehan

 

Bapcor, the vehicle parts firm that counts truck and trailer parts businesses Truckline and Wano among its businesses, has replaced CEO and MD Darryl Abotomey with chief financial officer (CFO) Noel Meehan.

The Abotomey departure had been flagged last month but Meehan’s promotion is more immediate.

He was previously CFO at Toll Group and has had previous roles as CFO at Treasury Wines Estate and executive director of finance at Orica.

He is a Fellow of the Australian Society of Certified Practising Accountants and a Member of the Australian Institute of Company Directors.

"Noel brings significant financial, strategic operational strengths to the role," Bapcor chair Margie Haseltine said.

"He has an in-depth understanding of the business, our future growth strategy and the needs of our team members, and we are grateful that he can step in and ensure a seamless transition."

The transition appears to have been accelerated whilst it was originally envisaged that Bapcor non-executive director Mark Powell would step in as acting CEO at the end of February.

"We are disappointed to be taking this step earlier than anticipated and thank Mr Abotomey again for his contribution to the growth of Bapcor since its IPO," Haseltine said.

Meehan joined Bapcor as CFO on July 1, 2020 and is said to played an important role in executing the company’s financial and strategic objectives

"My focus is on maintaining our strong financial position, driving our performance, executing on our existing strategic objectives and supporting the team to ensure we deliver the customer experience that we are known for," he said.

 

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