Carvell 'excited' to be Business Direct CEO
Paul Carvell, the former chief executive of Business Post Group, has returned to active service as chief executive of distribution company Business Direct.
Carvell, who quit Business Post in December 2005 following a marked downturn in its fortunes, says he is “excited” by his new role and has already launched a strategic review of his new company’s activities; this is due to be completed in October.
The former boss of Business Post is back at the heart of the road transport industry following his resignation last December. Chris Tindall reports.
He was appointed non-executive chairman of Business Direct, which specialises in specialist secure distribution, in June, and replaced outgoing CEO Tim Houston on 4 September.
Carvell explains: “Since leaving Business Post I’ve been looking for a vehicle for my ambitions to build another substantial logistics business. I firmly believe that Business Direct is the best such vehicle. I believe the company’s business model is robust and am excited by the opportunity that it presents.”
However, he may have his work cut out – Business Direct expects to announce a pre-tax loss of GBP700,000 on a GBP7.8m turnover for the year to 30 June 2006. The group attributes this to loss of “certain low-margin In Boot contracts and lower-than-expected trading levels in Express”.
This figure is a slight improvement on 2005’s GBP1.3m pre-tax loss.
