Transurban gets big mining & metals exec as new CEO
Posted Thu, 2007-10-25 18:39
Transurban the leading toll operator in Australia and a major contender for US concessions is getting a former mining and metals senior executive as their new CEO. The appointee is Chris Lynch formerly chief financial officer and then group president carbon steels at BHP
Billiton. Previous to that he worked at Alcoa. He was chief information officer in the Pittsburgh head office, then chief financial officer of Alcoa, Europe in Lausanne Switzerland.
BHP Billiton with head offices in London UK and Melbourne Australia is one of the largest mining
companies in the world, has a market capitalization of $125b, and operates in 25 countries. Profits this year are close to $10b. The company was created in 2001 out of a merger of BHP, Melbourne Australia based and Billiton of London.
Lynch, 54, with accounting and MBA degree became available in June when he lost out in a competition for the top position of CEO at BHP Billiton and resigned rather than work under his rival, Marius Kloppers, 45.
Lynch will take over from longtime CEO Kim Edwards who is retiring in July 2008.
The new head of the company is quoted as saying Transurban is "well positioned in a sector with extraordinary opportunities."
Transurban's chairman said the board was fully committed to the owner-operator model for running toll roads that was successfully developed by Edwards on Melbourne CityLink.
TOLLROADSnews 2007-10-25
Transurban the leading toll operator in Australia and a major contender for US concessions is getting a former mining and metals senior executive as their new CEO. The appointee is Chris Lynch formerly chief financial officer and then group president carbon steels at BHP Billiton. Previous to that he worked at Alcoa. He was chief information officer in the Pittsburgh head office, then chief financial officer of Alcoa, Europe in Lausanne Switzerland.BHP Billiton with head offices in London UK and Melbourne Australia is one of the largest mining
companies in the world, has a market capitalization of $125b, and operates in 25 countries. Profits this year are close to $10b. The company was created in 2001 out of a merger of BHP, Melbourne Australia based and Billiton of London.Lynch, 54, with accounting and MBA degree became available in June when he lost out in a competition for the top position of CEO at BHP Billiton and resigned rather than work under his rival, Marius Kloppers, 45.
Lynch will take over from longtime CEO Kim Edwards who is retiring in July 2008.
The new head of the company is quoted as saying Transurban is "well positioned in a sector with extraordinary opportunities."Transurban's chairman said the board was fully committed to the owner-operator model for running toll roads that was successfully developed by Edwards on Melbourne CityLink.
TOLLROADSnews 2007-10-25