Toll Group, the Asian region’s leading supplier of integrated logistics, has today announced the appointment of Mr Grant Devonport as the Group’s new Chief Financial Officer (CFO).

Toll’s Managing Director Elect, Brian Kruger, made the announcement, “In a career spanning more than 25 years, Grant has worked in senior roles in the UK and Europe as well as in Asia. He is a great example of the broad talent base we have developed within the company.

“Grant has worked for Toll for five years. Before taking on the Acting CFO role in September, he was the Divisional Commercial Manager for the Toll Global Resources Division which operates in Australia, Asia and Africa. Prior to that, he spent two years as the CFO for Toll New Zealand where he played a key role in the sale process of the rail business.

“At Toll Global Resources, Grant was involved in some of the Group’s most important challenges including: the development of the Toll Offshore Petroleum Services supply base in Singapore; the acquisition of Mitchell Corporation to add bulk to our specialist resources business in Western Australia; and the important contract wins in the LNG sector in eastern Australia,” Mr Kruger said.

He has significant experience in the full range of finance, commercial, governance, strategy and business leadership responsibilities through both his time with Toll and also as an executive at Village Roadshow and the National Australia Bank.

Mr Kruger said, “It was appropriate that my first senior appointment as MD Elect was of Mark Cowley from BlueScope as our new Head of Safety reporting directly to me. Announcing Grant as the new CFO fills another key role in my senior team and I am pleased that, following an extensive search, the best candidate was an internal appointment.

“Grant brings a wealth of experience, enthusiasm and leadership to the Group CFO role. The senior executive leadership team and I are looking forward to working even more closely with Grant in the future,” Mr Kruger concluded.

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