SYDNEY, AUSTRALIA: Bapcor Limited (ASX: BAP) announced the appointment of Angus McKay as Executive Chair and Chief Executive Officer, commencing 22 August 2024.
Angus has more than 30 years of executive experience with a proven track record of improving operating performance and increasing shareholder value over a range of industries both nationally and internationally.
Most recently, since 2016 Angus led 7-Eleven Australia through a period of significant strategic focus, through the implementation of new operating models both in stores and in the organisation’s supply chain. He improved profitability by embedding strong financial control and operational discipline as well as transforming culture and sustainability practices.
Angus’ former roles include Managing Director and Chief Executive Officer of The Skilled Group (ASX:SKE), Managing Director of Pacific National Rail and Chief Financial Officer of Asciano Limited (ASX:AIO).
Bapcor Chair Margie Haseltine said that the Board is excited to work with Angus and has confidence in his ability to lead Bapcor. Margie commented “Angus is a proven leader with extensive experience. Throughout his career he has brought a strategic approach to expansion and operational efficiency. Along with his focus on cultural change, Angus is well placed to drive results in Bapcor’s strategic endeavours and in turn for Bapcor’s shareholders.”
The Board is also pleased to announce that Non-Executive Director Mark Powell has been elected to the new position of Lead Independent Director of the Bapcor Board, effective 22 August 2024.
Following Angus’ commencement, Mark Bernhard will step down from his role as Interim CEO & MD and return to his role as Non-Executive Director of Bapcor. The Board would like to thank Mark for his leadership and stability during his time as Interim CEO & MD. Mark has been instrumental in supporting Bapcor’s commercial initiatives and its team members.
In order to enable Angus’ smooth transition into his role, from 22 August 2024, Margie Haseltine will assume the role of Non-Executive Director. Margie has also restated her previous advice to the Board that she does not intend to seek re-election to the Board at the 2024 AGM.