Japan Post CEO announces new Toll Group board

Japan Post President & CEO Toru Takahashi has announced the formation of a new board that will provide governance to Toll under Japan Post. Takahashi made the announcement on Friday (29 May) – Toll’s first official day as part of Japan Post – during a three-day trip to Australia to visit Toll Group sites and meeting employees in Sydney and Melbourne.

The new board includes a combination of senior Japan Post executives as well as former Toll Board members, Nicola Wakefield Evans and Ray Horsburgh, who will act as Chairman of the new Board.

“We regard Toll as a great partner and teacher in the field of global logistics, especially in the areas of forwarding and contract logistics,” said Takahashi.

“By leveraging each other’s strengths we aim to become a leading company in the very competitive global logistics industry.”

Toll Group Managing Director Brian Kruger commented: “This is a transformative development for Toll in Australia and abroad, and it reflects the strength of our business and our people.”

Kruger maintained that “the strength of Toll’s brand” was reflected in Japan Post’s desire to retain the Toll name and grow the business.

As previously reported, Japan Post has bought the Melbourne-based company for $5bn, as part of its drive to expand its international business.