Chief ex­ec­u­tive gives no­tice

The Star Early Edition - - COMPANIES -

CARGO Car­ri­ers’ chief ex­ec­u­tive, Mur­ray Bolton, plans to re­tire within the next 12 months. The listed lo­gis­tics and trans­porta­tion group said on Fri­day that Bolton, which has given more than 24 years of ser­vice to the com­pany, had no­ti­fied its board that he wanted to en­joy a greater de­gree of per­sonal and fam­ily time. It said the board would im­me­di­ately com­mence with the process of iden­ti­fy­ing and ap­point­ing a suc­ces­sor to Bolton and im­ple­ment the ap­pro­pri­ate mea­sures to en­sure a smooth tran­si­tion to a new lead­er­ship team. The group said a fur­ther an­nounce­ment about this would be made in due course. – Roy Cokayne

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