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10/14/2003



Rail News: Rail Industry Trends

Post takeover: Toll Group shakes up Tranz Rail's senior staff


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After assuming control of Tranz Rail Holdings Ltd. Oct. 10, Toll Group Ltd. made some key-personnel changes. The company named Mark Rowsthorn chairman and David Jackson managing director/chief executive to succeed Wayne Walden and Michael Beard, respectively, who resigned.

Toll Group also named Austen Perrin chief financial officer. On Sept. 29, acting CFO John Loughlin resigned, but continued to serve Tranz Rail as a non-executive director. Group Financial Controller Brian Fouhy had been serving as interim CFO.

Finally, the company named Jackson and Perrin board members. Loughlin and Roger Armstrong will continue to serve as board trustees; board members Jon Cimino, Leigh Davis and Thomas Rissman have resigned.



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