The Manager - Listings
Australian Securities Exchange Limited Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
Via electronic lodgement
Dear Sir / Madam
Brambles Limited
ABN 89 118 896 021
Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia
GPO Box 4173 Sydney NSW 2001
Tel +61 2 9256 5222 Fax +61 2 9256 5299
www.brambles.com
Attached is a release to the Exchange relating to the above matter.
Yours faithfully
Brambles LimitedGroup Company Secretary
22 February 2016 ASX & Media Release
Brambles Limited today announced that its Chief Financial Officer (CFO), Zlatko Todorcevski, has informed the Board of his intention to retire from the Company and from full-time corporate life. Mr Todorcevski will remain with Brambles until February 2017 through the selection of a successor and to assist in the smooth transition to a new CFO. The Board will shortly begin a global search process to review potential internal and external candidates for the role.
Mr Todorcevski said: "I have thoroughly enjoyed my time at Brambles and I am proud that, by the time I step down next year, I will have been associated with the company for 4½ years, during a period when we have consolidated our long-term strategy and implemented significant financial and operating efficiencies.
"As an international company with the bulk of its business outside Australia, the travel demands of my role and the consequent time away from my family have caused me over recent months to think about retiring not only from Brambles but also from full-time executive life in general.
"I believe that now is the right time to finalise this decision and allow the Board to focus on recruiting my successor. Brambles has excellent people and I would like to thank the Board, Tom and my colleagues both on the Executive Leadership Team and the finance team for their support during my time with the Company."
Brambles Chief Executive Officer, Tom Gorman, said: "I am extremely sorry that Zlatko is leaving Brambles but I fully understand and respect his decision to retire from full-time corporate life. Zlatko makes an outstanding contribution to the Company and is a great executive partner. His leadership of the Recall demerger, a number of debt capital raisings and more recently, the group-wide One Better and One Finance initiatives, will leave us with a much stronger business."
Brambles Chairman Stephen Johns said: "Zlatko is an excellent CFO who makes a significant contribution to the success of the Company. On behalf of the Board, I look forward to working with him over the next 12 months and wish him well for his future when he retires. The Board's expectation is that Zlatko's successor will be appointed during the latter part of the 2016 calendar year."
Further InformationJames Hall
Vice President, Investor Relations & Corporate Affairs
+61 2 9256 5262
+61 401 524 645
james.hall@brambles.com
Raluca Chiriacescu Manager, Investor Relations
+61 2 9256 5211
+61 427 791 189
raluca.chiriacescu@brambles.com
Brambles Ltd. issued this content on 22 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 February 2016 21:58:24 UTC
Original Document: http://www.brambles.com/Content/cms/news/2016/Brambles_CFO_Retirement_ASX___Media_Release.pdf