Join our daily newsletter At The Bell to receive exclusive market insights
- Move Logistics Group (MOV) appoints Craig Evans as its new CEO, effective from February 1
- Mr Evans has almost 40 years of experience in the logistics sector, having worked for 35 years at Mainfreight, where he was the New Zealand Country Manager for six years
- Move says during a “comprehensive search process”, Mr Evans’ in-depth knowledge and successful track record in the sector made him a “stand-out candidate” for the role
- The CEO will take up the new role at the same time as the company is anticipated to release its updated full-year guidance following the loss of a $14 million contract
- Company shares are trading at $1.10 at 10:40 am AEDT
Move Logistics Group (MOV) has appointed Craig Evans as its new CEO, effective from February 1.
The incoming CEO has almost 40 years of experience in the logistics sector, having served 35 years at Mainfreight, where he was the New Zealand Country Manager for six years.
Prior to his time at Mainfreight, Mr Evans was with New Zealand stock exchange-listed Freightways for four years.
Move Chair Lorraine Witten said during a “comprehensive search process”, Mr Evans was a “stand-out candidate for the role”.
“He has an in-depth knowledge and a highly successful track record in the logistics sector and is a proven leader and team builder,” Ms Witten said.
The appointment follows a transformative year for the company, and Ms Witten believes the new CEO’s energy and expertise are a welcome addition to Move’s next phase of growth.
Last month, the company revealed it had lost a $14 million contract and, as such, withdrew its earnings guidance for the 2023 financial year.
An updated full-year guidance with the company’s interim results is expected in February — the same time that Mr Evans will take up his new role.
In today’s announcement to investors, Mr Evans acknowledged the company’s transformation period and said he was “excited” to take up the leadership role.
“Move is currently transforming into a more modern and future-focused business, with a fantastic team of talented people, a digital transformation underway and exciting new initiatives in shipping and sustainable transport.
“I’m looking forward to working with the team to unlock the potential for Move across Australasia,” he said.
With the new appointment, Executive Director Chris Dunphy will step back from day-to-day management of the business but will remain an active member of the board.
Company shares were trading at $1.10 at 10:40 am AEDT.
