Dean Bracewell has decided to step aside at the end of this year after a 34-year career with Freightways, 18 as managing director.
Mark Troughear has been appointed as CEO, effective 1 January 2018. He has worked in and led businesses in the express package and business mail division since joining Freightways in 1996 and has over-arching responsibility for the information management division. As a key member of Freightways’ executive team, Troughear has been directly involved in setting the company’s strategic direction and its overall performance.
“I am delighted that the leadership of Freightways will pass to Mark, whose appointment I fully endorse,” said Bracewell.
Freightways’ chairman, Sue Sheldon, notes that a well-developed succession management programme has enabled this internal appointment to occur in a way that will result in a seamless transition.
“The board thanks Dean for his very substantive contribution to Freightways over a long and successful career with the company. Dean’s focus on developing internal talent and capability, together with his long period of notice, allows Freightways to continue without interruption while transitioning its leadership,” she said.
Bracewell will remain as managing director until 31 December, after which he will be available in an advisory capacity to the board of directors and Freightways management until 31 August 2018.