SYDNEY, AUSTRALIA: Bapcor Limited (ASX: BAP) has appointed Noel Meehan as its new Chief Executive Officer (CEO), effective immediately.
Most recently, Mr Meehan has been the Company’s Acting Chief Executive Officer since 6 December 2021 and before that, Chief Financial Officer since joining the company in 2020.
Executive Chair of Bapcor, Margaret Haseltine said: “The Board is delighted to confirm Noel’s appointment as Bapcor’s CEO. The Board has invested considerable time and effort in CEO succession. Having completed an extensive global search that included a number of high caliber candidates, we are confident that Noel is the best person to lead Bapcor.
In performing his duties as Acting Chief Executive Officer, Noel has ably demonstrated his depth of knowledge, understanding and passion for the business, its strategic opportunity and sustainable success. Noel is energised to simplify and grow the business, is very well placed to deliver on the organisation’s immediate, emerging and long term objectives, and he has garnered the support of the Group Leadership Team on that journey.
Importantly, Noel has proven to have an extremely strong fit with the desired culture and values. Noel’s career to date has seen him successfully navigate considerable national and international business challenges of great complexity, breadth and scale. Noel has demonstrated an ability to simultaneously drive growth in revenues, margins and return on capital and has been central to strategic plan development and execution. In addition, he has deep capital markets (debt and equity) and international M&A experience.”
Mr Meehan said: “It is an honour to be appointed CEO of Bapcor. My focus will be on the Company’s continued strong performance, being responsive to an evolving external environment and delivering on Bapcor’s future growth opportunity. Having worked with the Board, Group Leadership Team and the broader team as both CFO and Acting CEO, I am excited by the opportunity to lead the company at this stage of its journey and deliver long-term value for all Bapcor stakeholders.”
Bapcor Limited is Asia Pacific’s leading provider of vehicle parts, accessories, equipment, service and solutions. Bapcor’s core business is the automotive aftermarket. Our businesses span the end-to-end aftermarket supply chain covering Trade, Specialist Wholesale, Retail and Service.
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