Date: May 02 2012
Transurban’s chief financial officer, Tom Honan, who was overlooked for the top job at the toll-road operator, has quit the company three weeks after Scott Charlton was appointed chief executive.
Mr Honan, whose resignation is effective immediately, has been replaced as chief financial officer by Samantha Hogg, who joined Transurban in 2008 and has had a brief stint as acting CFO.
The departure of Mr Honan is not unexpected given he missed out on the top job to Mr Charlton, the chief operating officer at Lend Lease and a former Leighton Holdings executive. Mr Honan had been widely tipped for the chief executive’s role following the resignation of Chris Lynch.
Shares in Transurban fell 4 cents to $5.86 at midday today in a flat market.
Transurban’s chairman, Lindsay Maxsted, said Ms Hogg had been an ‘‘integral part of the executive leadership team’’ over the last four years.
He also paid tribute to Mr Honan who had been ‘‘instrumental in guiding Transurban through the economic crisis’’.
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