Aurizon appoints new chief financial officer


Promoting from within, Aurizon has selected Pam Bains as its new finance executive

Aurizon appoints new chief financial officer
New CFO Pam Bains.

 

Rail freight company Aurizon has announced Pam Bains as its new executive vice president and chief financial officer.

Assuming the role after a mutual agreement between Keith Neate and managing director and CEO Andrew Harding sees the former executive depart, Bains will step up from her current position as vice president of network finance, the company says.

Bains has spent six years at the company in senior management positions and has "played a key role in a number of major projects including transition of reporting requirements at IPO to meet external reporting requirements for a listed entity, capital restructuring in the Network business as well as support for various regulatory reforms which have improved the financial performance of the Network Business."

While welcoming Bains to her new role, Harding has paid tribute to the efforts of Neate.

"Keith has been with Aurizon for the past five years and has done a good job helping with the successful transformation work to date as well as developing the internal capability of the Finance team," he says.

"However I have a strong view on the work that needs to be done to further reform Aurizon, drive down costs and improve competitiveness and efficiency.

"On behalf of shareholders I want to take Aurizon to the next phase of growth and development and I believe Pam will be an asset to my executive leadership team in helping deliver this goal."

The company says it will deliver its half year results on February 13 next year.

 

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