Graeme McFaull has stepped down as chief executive of Wincanton to be replaced by chief operating officer Eric Born with immediate effect.
The group said McFaull would continue to have a consultative role to ensure a smooth handover to his successor.
Born took on the role of chief operating officer in April 2009. Wincanton said he “has extensive experience in managing turnarounds and growth in a number of industries including retail, airline catering and logistics. At Wincanton, he has predominantly focused on driving the successful turnaround of the German business.”
The group has just completed a strategic review of the business, and said its immediate priorities were to focus on organic growth of the business, a significant reduction of the level of debt and to improve profitability through a greater reduction in both overhead and operating costs.
The leadership change was in line with succession plans, it said.
Wincanton chairman David Edmonds said: “Graeme has been with Wincanton in a variety of roles for 16 years and, as chief executive for the past five years, he has played a major part in securing its growth into a major logistics company over that period. We wish him well in the future.”
“On behalf of the board and the company I welcome Eric to his new role as chief executive as the company focuses on its strategic priorities of organic growth, reducing debt and improving the profitability of Wincanton.”
Eric Born joined Wincanton in April 2009 from gategroup, where he was group SVP and president West/South Europe.
Prior to that, he had various senior roles in the retail industry; including managing director of Frimago AG in Switzerland and managing director of Office World in the UK.
He holds an MBA from Simon Graduate School of Business (University of Rochester, N.Y.) and a BBA from the University of Applied Science in Zurich.
He speaks English, German And French. He is also a non-executive Director of John Menzies plc.
* Wincanton saw underlying operating profit rise 3.1 per cent to £26.8m in the first half, while sales were up 2.1 per cent to £1.1bn.